Form 4: Stanley T. Black Executes D-Wave Quantum Stock Transaction

D-Wave Quantum Inc. Executive Vice President and CISO Stanley T. Black reported a routine tax-related share withholding transaction.

Summary

• Stanley T. Black, Executive Vice President and CISO of D-Wave Quantum Inc., disposed of 1,535 shares of common stock.
• The transaction occurred on June 15, 2026, at a price of $23.37 per share.
• The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person maintains beneficial ownership of 134,813 shares, which includes 132,446 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax withholding transaction by an executive.

Positives

• The transaction was a mandatory tax withholding event rather than a discretionary open-market sale, indicating continued alignment with company equity.

Negatives

• Reduction in total direct share ownership by 1,535 shares.

Risks

• Reliance on equity-based compensation for key executives may be impacted by future stock price volatility.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this is a standard administrative filing for executive compensation management and does not reflect a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for handling tax obligations on vested equity awards, consistent with practices at other publicly traded technology firms.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding event.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

QBTS, D-Wave Quantum, Insider Trading, Form 4, Executive Compensation, Tax Withholding