Form 4 for QBTS D-Wave Quantum Inc.
Accepted 2024-03-29 00:00:00 ET · period of report 2024-03-27 · accession 0001140361-24-016692 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-03-29 | 2024-03-27 | QBTS | Nguyen Diane | GC | A - Grant | $0.00 | +180.0K | 379.2K | +90% | $0 |
| D | 2024-03-29 | 2024-03-27 | QBTS | Nguyen Diane | GC | F - Tax | $1.95 | -5,986 | 473.2K | -1% | -$11.7K |
| D | 2024-03-29 | 2024-03-27 | QBTS | Nguyen Diane | GC | A - Grant | $0.00 | +100.0K | 100.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2024-03-27 | A | A | 100,000 | $0.00 | 479,156 | D | — | — | (F3) Represents 100,000 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest 25% on May 1, 2024 and remaining will vest in equal quarterly installments beginning on August 1, 2024 through May 1, 2028, subject to the reporting person's continued service to the Issuer. (F4) Includes: (a) 337,332 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, (ii) 64,020 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning July 27, 2024, (iii) 80,000 RSUs granted on March 27, 2024 and vesting as follows: 20,000 on March 27, 2025 and the remaining 60,000 RSUs will vest quarterly at a rate of 6.25% beginning June 27, 2025, and (iv) 100,000 RSUs granted on March 27, 2024 and vesting as follows: 25,000 on May 1, 2024 and the remaining 75,000 RSUs will vest quarterly at a rate of 6.25% beginning August 1, 2024. |
| 2 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2024-03-27 | A | A | 80,000 | $0.00 | 379,156 | D | — | — | (F1) Represents 80,000 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest 25% on March 27, 2025 and remaining will vest in equal quarterly installments beginning on June 27, 2025 through March 27, 2028, subject to the reporting person's continued service to the Issuer. (F2) Includes: (a) 237,332 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, (ii) 64,020 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning July 27, 2024, and (iii) 80,000 RSUs granted on March 27, 2024 and vesting as follows: 20,000 on March 27, 2025 and the remaining 60,000 RSUs will vest quarterly at a rate of 6.25% beginning June 27, 2025. |
| 3 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2024-03-27 | F | D | 5,986 | $1.95 | 473,170 | D | — | — | |
| 4 | Derivative | Stock Option (right to buy) | 2024-03-27 | A | A | 100,000 | $0.00 | 100,000 | D | $2.10 · — to 2034-03-27 | 100,000 Common Stock | (F5) This option will vest 25% on May 1, 2024 and the remaining portion of the option vests thereafter in equal monthly installments on the 1st of each month through May 1, 2027 as to 75,000 shares of Common Stock. |