Diane Nguyen - May 1, 2023 Form 3 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
General Counsel
Signature
/s/ Diane Nguyen
Stock symbol
QBTS
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
3
Date filed
5/8/2023, 06:56 PM
Next filing
Oct 18, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QBTS Common Stock, par value $0.0001 per share ("Common Stock") 272K May 1, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding QBTS Stock Option (right to buy) May 1, 2023 Common Stock 16.6K $0.81 Direct F2
holding QBTS Stock Option (right to buy) May 1, 2023 Common Stock 27.7K $0.81 Direct F3
holding QBTS Stock Option (right to buy) May 1, 2023 Common Stock 9.12K $0.81 Direct F4
holding QBTS Stock Option (right to buy) May 1, 2023 Common Stock 53.4K $0.82 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount includes 271,984 shares of unvested restricted stock units: (a) 186,624 RSUs granted October 13, 2022 and vest as follows: 93,312 on October 13, 2023 and 46,656 on October 13, 2024 and October 13, 2025, and (b) 85,360 RSUs were granted on March 27, 2023 and vest as follows 21,340 will vest March 27, 2024 and the remaining 54,020 will vest quarterly at a rate of 6.25% beginning June 27, 2024.
F2 This option has vested and is exercisable as of the date hereof as to all 16,592 shares of Common Stock.
F3 The option has vested and is exercisable as of the date hereof as to 20,181 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 5th of each month through May 5, 2024 as to 7,487 shares of Common Stock.
F4 The option has vested and is exercisable as of the date hereof as to 5,706 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through November 1, 2024 as to 3,412 shares of Common Stock.
F5 The option has vested and is exercisable as of the date hereof as to 23,355 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 16th of each month through July 16, 2025 as to 30,024 shares of Common Stock.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney