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

D-Wave Quantum Inc.'s General Counsel, Diane Nguyen, sold 2,460 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Diane Nguyen, General Counsel of D-Wave Quantum Inc., sold 2,460 shares of common stock on December 4, 2024.
• The sale was executed at a price of $2.76 per share.
• This transaction was to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Ms. Nguyen beneficially owns 441,722 shares of D-Wave Quantum Inc., which includes 242,506 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for corporate insiders to manage their tax obligations related to equity compensation. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 2,460 shares is a relatively small transaction compared to the total shares owned by Ms. Nguyen, which is 441,722 shares.
• Similar transactions are regularly reported by executives at other technology companies.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on the stock price, but it is not expected to be significant.

Key Dates

Keywords

D-Wave Quantum Inc., Diane Nguyen, General Counsel, stock sale, Form 4, insider trading, restricted stock units, tax obligations