Steven West - 12 Jul 2024 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
Director
Signature
/s/ Steven West
Issuer symbol
QBTS
Transactions as of
12 Jul 2024
Transactions value $
$0
Form type
4
Filing time
20 Aug 2025, 16:28:03 UTC
Previous filing
07 Jun 2024
Next filing
23 May 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/ Steven West 20 Aug 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") Gift $0 -105K -44.3% $0.00 132K 12 Jul 2024 Direct F1, F2, F3
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Gift $0 +105K $0.00 105K 12 Jul 2024 See Footnote F1, F2, F3, F4
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Gift $0 -24.7K -100% $0.00 0 22 Aug 2024 See Footnote F1, F3, F5, F6
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Gift $0 +24.7K +23.55% $0.00 129K 22 Aug 2024 See Footnote F1, F3, F4, F5
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Gift $0 -108K -70.76% $0.00 44.8K 05 Aug 2025 Direct F1, F3, F7
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Gift $0 +108K +83.87% $0.00 238K 05 Aug 2025 See Footnote F1, F3, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transfer of shares of Common Stock for no consideration.
F2 Following the reported transaction, the reporting person was (i) the direct beneficial owner of 131,626 shares of Common Stock, including 106,626 unvested restricted stock units ("RSUs"); (ii) the indirect beneficial owner of 104,696 shares of Common Stock through the West-Karam Family Trust; and (iii) the indirect beneficial owner of 24,659 shares of Common Stock through Emerging Company Partners LLC.
F3 The reporting person's beneficial ownership of Common Stock as of the date of this filing is reflected in the Form 4/A filed on August 20, 2025.
F4 West-Karam Family Trust is the record holder of such securities. The reporting person is trustee of the West-Karam Family Trust, of which the reporting person and members of the reporting person's immediate family are the sole beneficiaries. The reporting person remains the beneficial owner of the securities held by the trust.
F5 Following the reported transaction, the reporting person was (i) the direct beneficial owner of 131,626 shares of Common Stock, including 106,626 unvested RSUs; (ii) the indirect beneficial owner of 129,355 shares of Common Stock through the West-Karam Family Trust; and (iii) the indirect beneficial owner of 0 shares of Common Stock through Emerging Company Partners LLC.
F6 Emerging Company Partners LLC is the record holder of such securities. The reporting person controls this entity.
F7 Following the reported transaction, the reporting person was (i) the direct beneficial owner of 44,837 shares of Common Stock, including 19,837 unvested RSUs; and (ii) the indirect beneficial owner of 237,840 shares of Common Stock through the West-Karam Family Trust.

Remarks:

This Form 4 reflects previously unreported transfers to the West-Karam Family Trust, for no consideration, of shares of Common Stock of which the reporting person was, on the specified date of transfer, the direct beneficial owner or indirect beneficial owner through Emerging Company Partners LLC, an entity controlled by the reporting person. On the date of each such transfer and continuing through the date hereof, the reporting person was trustee of the West-Karam Family Trust and the reporting person and members of the reporting person's immediate family were the sole beneficiaries of the trust.