QBTS.NYSED-wave Quantum INC

Form 4: D-Wave Quantum Inc. General Counsel Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4

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Diane Nguyen, General Counsel of D-Wave Quantum Inc., sold 2,383 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

  • On January 23, 2025, Diane Nguyen, the General Counsel of D-Wave Quantum Inc., sold 2,383 shares of common stock at a price of $5.27 per share.
  • This transaction was to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
  • Following the transaction, Nguyen beneficially owns 448,162 shares, including unvested restricted stock units and shares acquired through the Employee Stock Purchase Plan (ESPP).
  • The ESPP shares were purchased at 85% of the closing price on June 3, 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't reflect a significant change in the insider's holdings or confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity awards. The transaction itself doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates

DateDescription
June 1, 2024Start of the Employee Stock Purchase Plan (ESPP) purchase period.
June 3, 2024Date used to determine the purchase price of shares under the ESPP (85% of the closing price).
November 30, 2024End of the Employee Stock Purchase Plan (ESPP) purchase period.
January 23, 2025Date of the stock sale transaction.
January 27, 2025Date of signature on the Form 4 filing.

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