Emil Michael - 10 Aug 2023 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
Director
Signature
/s/ Alan E. Baratz as Attorney-in-Fact, for Emil Michael
Issuer symbol
QBTS
Transactions as of
10 Aug 2023
Transactions value $
$0
Form type
4
Filing time
11 Sep 2023, 17:10:20 UTC
Previous filing
14 Jul 2023
Next filing
04 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QBTS Common Stock, par value $0.0001 per share Other $0 -2.77M -100% $0.00* 0 10 Aug 2023 See Footnote F1
transaction QBTS Common Stock, par value $0.0001 per share Other $0 +887K +791.81% $0.00 999K 10 Aug 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
transaction QBTS Warrants Other $0 -8M -100% $0.00* 0 22 Aug 2023 Common Stock 11.6M $11.50 See Footnote F1, F2
transaction QBTS Warrants Other $0 +2.71M $0.00 2.71M 22 Aug 2023 Common Stock 3.94M $11.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pro rata distribution by CDPM Sponsor Group, LLC (the "Sponsor") of which the reporting person is the Manager. The securities were previously included in the amount reported as indirectly held by the reporting person, who disclaimed beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 Each warrant is exercisable for 1.4541326 common shares.