QBTS.NYSED-wave Quantum INC

Form 4: D-Wave Quantum Inc. General Counsel, Diane Nguyen, Reports Stock Disposal to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Diane Nguyen, General Counsel of D-Wave Quantum Inc., disposed of 9,838 shares of common stock on May 31, 2024, to satisfy tax obligations related to vested restricted stock units.

Summary

  • On May 31, 2024, Diane Nguyen, the General Counsel of D-Wave Quantum Inc., reported a transaction involving the disposal of 9,838 shares of common stock.
  • The shares were disposed of at a price of $1.37 per share.
  • Following the transaction, Nguyen beneficially owns 459,766 shares of D-Wave Quantum Inc.
  • This includes 312,332 shares of unvested restricted stock units (RSUs) with various vesting schedules.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction related to tax obligations, which is a normal occurrence.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Key Dates

DateDescription
October 13, 2022Grant date of 93,312 RSUs vesting on October 13, 2024 and October 13, 2025.
March 27, 2023Grant date of 64,020 RSUs vesting quarterly at a rate of 6.25% beginning June 27, 2024.
March 27, 2024Grant date of 80,000 RSUs vesting as 20,000 on March 27, 2025 and the remaining 60,000 RSUs vesting quarterly at a rate of 6.25% beginning June 27, 2025.
March 27, 2024Grant date of 75,000 RSUs vesting quarterly at a rate of 6.25% beginning August 1, 2024.
May 31, 2024Date of stock disposal transaction.
June 04, 2024Date of Form 4 filing.

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