John M. Markovich - 10 Sep 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
10 Sep 2025
Net transactions value
-$2,505,000
Form type
4
Filing time
12 Sep 2025, 17:29:33 UTC
Previous filing
09 Sep 2025
Next filing
17 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 12 Sep 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") Sale $815,000 -50,000 -3.1% $16.30 1,549,511 10 Sep 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $92,000 +100,000 +6.5% $0.9200 1,649,511 11 Sep 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $815,000 -50,000 -3% $16.30 1,599,511 11 Sep 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $46,000 +50,000 +3.1% $0.9200 1,649,511 12 Sep 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $875,000 -50,000 -3% $17.50 1,599,511 12 Sep 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 $92,000 -100,000 -12% $0.9200 757,926 11 Sep 2025 Common Stock, par value $0.0001 per share ("Common Stock") 100,000 $0.9200 Direct F2
transaction QBTS Stock Option (right to buy) Options Exercise $46,000 -50,000 -6.6% $0.9200 707,926 12 Sep 2025 Common Stock, par value $0.0001 per share ("Common Stock") 50,000 $0.9200 Direct F3
holding QBTS Stock Option (right to buy) 120,826 10 Sep 2025 Common Stock, par value $0.0001 per share ("Common Stock") 120,826 $0.8460 Direct F4
* 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 fully vested and is exercisable as of the date hereof as to 857,926 shares of Common Stock.
F3 The option has fully vested and is exercisable as of the date hereof as to 757,926 shares of Common Stock.
F4 This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.