John M. Markovich - 21 May 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
Chief Financial Officer
Signature
/s/ John M. Markovich
Issuer symbol
QBTS
Transactions as of
21 May 2025
Transactions value $
-$6,920,000
Form type
4
Filing time
23 May 2025, 17:28:26 UTC
Previous filing
24 Apr 2025
Next filing
23 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Markovich John M. Chief Financial Officer 2650 EAST BAYSHORE ROAD, PALO ALTO /s/ John M. Markovich 23 May 2025 0001453942

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 $462K +503K +34.08% $0.92 1.98M 21 May 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale -$3.37M -200K -10.11% $16.85 1.78M 21 May 2025 Direct F1, F2, F3
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale -$3.55M -200K -11.25% $17.75 1.58M 21 May 2025 Direct F1, 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 -$462K -503K -33.48% $0.92 999K 21 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 503K $0.92 Direct F4
holding QBTS Stock Option (right to buy) 121K 21 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 121K $0.85 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 861,610 shares of unvested restricted stock units.
F2 The sales reported in this Form 4 were effected for financial and tax planning purposes.
F3 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 $16.70 to $17.00, 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.
F4 The option has vested and is exercisable as of the date hereof as to 1,407,555 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 20th of each month through August 20, 2025 as to 93,831 shares of Common Stock.
F5 This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.