John M. Markovich - 12 Aug 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
12 Aug 2025
Transactions value $
-$1,800,000
Form type
4
Filing time
14 Aug 2025, 21:02:14 UTC
Previous filing
22 Jul 2025
Next filing
09 Sep 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 14 Aug 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 $92K +100K +6.42% $0.92 1.66M 12 Aug 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale -$1.8M -100K -6.03% $18.00 1.56M 12 Aug 2025 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 Stock Option (right to buy) Options Exercise -$92K -100K -10.01% $0.92 899K 12 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 100K $0.92 Direct F2
holding QBTS Stock Option (right to buy) 121K 12 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 121K $0.85 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 812,837 shares of unvested restricted stock units.
F2 The option has vested and is exercisable as of the date hereof as to 967,407 shares of Common Stock and the remaining portion of the option vests on August 20, 2025 as to 31,277 shares of Common Stock.
F3 This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.