Form 4: Director Steven M. West Receives D-Wave RSU Grant

Director Steven M. West acquired 9,357 restricted stock units in D-Wave Quantum Inc. as part of a service-based equity grant.

Summary

• Director Steven M. West was granted 9,357 restricted stock units (RSUs) on June 4, 2026.
• The RSUs represent the right to receive one share of common stock per unit.
• The grant is subject to continued service and is scheduled to vest on May 31, 2027.
• Following this transaction, the reporting person holds 29,194 shares directly, including the unvested RSUs, plus additional indirect holdings.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the RSUs is contingent upon the reporting person's continued service to the issuer.

Future Outlook

The RSUs are expected to vest on May 31, 2027, provided the director remains in service to the company.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices in the technology sector to ensure board members maintain a vested interest in company performance.

Comparison to Industry Standards

• The use of RSU grants for director compensation is consistent with standard practices for publicly traded technology companies.

Related Party Transactions

• The reporting person holds shares through the West-Karam Family Trust, for which he serves as trustee.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation event.

Next Steps

• Vesting of 9,357 RSUs on May 31, 2027.

Key Dates

Keywords

D-Wave Quantum, QBTS, Form 4, Insider Trading, Equity Compensation, Director Ownership