Steven West - 21 May 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
Director
Signature
/s/ Alan E. Baratz as Attorney-in-Fact, for Steven West
Issuer symbol
QBTS
Transactions as of
21 May 2025
Transactions value $
-$5,148,802
Form type
4
Filing time
23 May 2025, 17:28:16 UTC
Previous filing
20 Aug 2025
Next filing
12 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
WEST STEVEN M Director 3033 BETA AVENUE, BURNABY, BRITISH COLUMBIA, CANADA /s/ Alan E. Baratz as Attorney-in-Fact, for Steven West 23 May 2025 0001198055

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 ("Common Stock") Options Exercise $81.8K +89K +37.65% $0.92 325K 21 May 2025 Direct
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $203K +223K +68.56% $0.91 548K 21 May 2025 Direct
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale -$5.15M -312K -56.9% $16.50 236K 21 May 2025 Direct F1
holding QBTS Common Stock, par value $0.0001 per share ("Common Stock") 24.7K 21 May 2025 See Footnote F2

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 Stock Option (right to buy) Options Exercise -$81.8K -89K -100% $0.92 0 21 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 89K $0.92 Direct F3
transaction QBTS Stock Option (right to buy) Options Exercise -$203K -223K -100% $0.91 0 21 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 223K $0.91 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $16.315 to $16.645, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
F2 Emerging Company Partners LLC is the record holder of such securities. The reporting person controls this entity.
F3 The option has vested and is exercisable as of the date hereof.