Form 4: Director Rohit Ghai Sells D-Wave Quantum Shares
Statement of Changes in Beneficial Ownership
Director Rohit Ghai sold 13,518 shares of D-Wave Quantum Inc. common stock via a pre-arranged Rule 10b5-1 trading plan.
Summary
- Director Rohit Ghai sold 13,518 shares of D-Wave Quantum Inc. (QBTS) common stock.
- The transaction occurred on June 15, 2026.
- The shares were sold at a weighted average price of $26.4133 per share.
- The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted on June 13, 2025.
- Following the transaction, the reporting person retains beneficial ownership of 23,617 shares, which includes 9,357 unvested restricted stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted through a pre-arranged, automated trading plan rather than a discretionary decision based on current market conditions.
Positives
- The sale was conducted under a pre-established Rule 10b5-1 trading plan, which is a standard mechanism for insiders to sell shares without concerns regarding non-public information.
Negatives
- The transaction represents a reduction in the director's direct equity stake in the company.
Risks
- Insider selling can sometimes be perceived negatively by the market, regardless of the existence of a pre-arranged trading plan.
Future Outlook
No forward-looking guidance or strategic outlook was provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that insider sales executed via Rule 10b5-1 plans are common practice for executives and directors to manage personal liquidity and are generally viewed as neutral events by the investment community.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for corporate insiders to mitigate legal risks associated with trading company securities.
Stakeholder Impact
- Minimal impact expected as the sale was automated and pre-planned.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 06/15/2026 | Date of the reported stock sale transaction. |
| 06/16/2026 | Date the Form 4 was signed and filed. |
Keywords
D-Wave Quantum, QBTS, Insider Trading, Form 4, Rohit Ghai, Quantum Computing
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