Form 4 for QBTS D-Wave Quantum Inc.
Accepted 2024-06-07 00:00:00 ET · period of report 2024-06-05 · accession 0001140361-24-029348 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-06-07 | 2024-06-06 | QBTS | Michael Emil | Dir | A - Grant | $0.00 | +106.6K | 993.7K | +12% | $0 |
| DM | 2024-06-07 | 2024-06-05+ | QBTS | Michael Emil | Dir | S - Sale | $0.14 | -137.7K | 2.47M | -5% | -$19.3K |
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") | 2024-06-06 | A | A | 106,626 | $0.00 | 993,674 | D | — | — | (F1) Represents 106,626 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest on May 31, 2025, subject to the reporting person's continued service to the Issuer. (F2) Reflects a decrease of 90 shares of Common Stock to correct for an inadvertent error in the Column 4 amount reflected in connection with a previously reported transaction. |
| 2 | Derivative | Warrants | 2024-06-05 | S | D | 41,216 | $0.14 | 2,567,228 | D | $11.50 · 2022-09-05 to 2027-08-05 | 59,933 Common Stock | (F4) This transaction was executed in multiple trades at prices ranging from $0.14 to $0.15875. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of warrants sold at each separate price for all transactions reported on this Form 4. |
| 3 | Derivative | Warrants | 2024-06-06 | S | D | 78,552 | $0.14 | 2,488,676 | D | $11.50 · 2022-09-05 to 2027-08-05 | 114,225 Common Stock | (F5) This transaction was executed in multiple trades at prices ranging from $0.1350 to $0.1750. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of warrants sold at each separate price for all transactions reported on this Form 4. |
| 4 | Derivative | Warrants | 2024-06-06 | S | D | 2,310 | $0.14 | 2,486,366 | D | $11.50 · 2022-09-05 to 2027-08-05 | 3,359 Common Stock | (F6) This transaction was executed in multiple trades at prices ranging from $0.14 to $0.15. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of warrants sold at each separate price for all transactions reported on this Form 4. |
| 5 | Derivative | Warrants | 2024-06-07 | S | D | 15,665 | $0.14 | 2,470,701 | D | $11.50 · 2022-09-05 to 2027-08-05 | 22,778 Common Stock | (F7) This transaction was executed in multiple trades at prices ranging from $0.135 to $0.1444. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of warrants sold at each separate price for all transactions reported on this Form 4. |