Form 4: D-Wave Quantum Inc. Director Emil Michael Sells Shares and Warrants in Multiple Transactions

Director Emil Michael reports selling common stock and warrants of D-Wave Quantum Inc. in a series of transactions between May 31, 2024, and June 4, 2024.

Summary

• Emil Michael, a director of D-Wave Quantum Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 31, 2024, Michael sold 36,353 shares of common stock at a weighted average price of $1.3033, reducing his holdings to 962,723 shares.
• On the same day, he also sold 8,411 warrants with an exercise price of $11.50 for a weighted average price of $0.1716, holding 2,700,483 warrants after the transaction.
• On June 3, 2024, Michael sold 25,675 shares of common stock at a weighted average price of $1.3539, resulting in a holding of 937,048 shares.
• Additionally, on June 3, 2024, he sold 55,983 warrants at a weighted average price of $0.1532, holding 2,644,500 warrants after the transaction.
• On June 4, 2024, Michael sold 49,910 shares of common stock at a weighted average price of $1.26, leaving him with 887,138 shares.
• He also sold 36,056 warrants on June 4, 2024, at a weighted average price of $0.1433, holding 2,608,444 warrants after the transaction.
• The warrants are exercisable for 1.4541326 common shares each and expire on August 5, 2027.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. A director selling shares and warrants could indicate a lack of confidence or a need for liquidity, but without further context, it's difficult to assess the full impact.

Stakeholder Impact

• Shareholders may react to the director's sale of shares, potentially impacting the stock price.
• The sale of warrants could dilute the value of existing shares if the warrants are exercised in the future.

Key Dates