Form 4: D-Wave Quantum Inc. General Counsel Diane Nguyen Reports Changes in Beneficial Ownership

Diane Nguyen, General Counsel of D-Wave Quantum Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vesting restricted stock units, resulting in an updated beneficial ownership of 537,123 shares.

Summary

• On April 22, 2025, Diane Nguyen, the General Counsel of D-Wave Quantum Inc., filed a Form 4 to report changes in beneficial ownership of the company's stock.
• The reported transaction involved the withholding of 9,969 shares of Common Stock at a price of $6.42 per share by D-Wave Quantum Inc. to satisfy tax withholding requirements related to the vesting of restricted stock units.
• Following the transaction, Nguyen's total beneficial ownership of D-Wave Quantum Inc. Common Stock is 537,123 shares, which includes 307,307 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (tax withholding) and standard regulatory filing, suggesting a stable outlook from an investment perspective.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency regarding the holdings of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• The withholding of shares for tax obligations upon vesting of restricted stock units is a common compensation practice across various industries.
• Comparable companies like Rigetti Computing (RGTI) and IonQ (IONQ) also have similar filings related to their executives' stock transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
• Employees who received restricted stock units are indirectly affected as the vesting triggers tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, D-Wave Quantum Inc., QBTS, Diane Nguyen, General Counsel, Restricted Stock Units, Tax Withholding