Form 4 for QBTS D-Wave Quantum Inc.
Accepted 2025-11-21 00:00:00 ET · period of report 2025-11-20 · accession 0001453942-25-000006 · 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 | 2025-11-21 | 2025-11-20 | QBTS | Markovich John M. | CFO | M - OptEx | $0.92 | +200.0K | 1.68M | +13% | +$184.0K |
| D | 2025-11-21 | 2025-11-20 | QBTS | Markovich John M. | CFO | S - Sale+OE | $22.94 | -200.0K | 1.48M | -12% | -$4.59M |
| D | 2025-11-21 | 2025-11-20 | QBTS | Markovich John M. | CFO | M - OptEx | $0.92 | -200.0K | 507.9K | -28% | -$184.0K |
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") | 2025-11-20 | M | A | 200,000 | $0.92 | 1,682,874 | D | — | — | (F1) The option exercise and sale of Common Stock reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2025. (F2) Includes 545,315 shares of unvested restricted stock units. |
| 2 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-11-20 | S | D | 200,000 | $22.94 | 1,482,874 | D | — | — | (F1) The option exercise and sale of Common Stock reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2025. (F3) The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $21.04 to $24.69, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer. (F2) Includes 545,315 shares of unvested restricted stock units. |
| 3 | Derivative | Stock Option (right to buy) | 2025-11-20 | M | D | 200,000 | $0.92 | 507,926 | D | $0.92 · — to 2031-08-20 | 200,000 Common Stock, par value $0.0001 per share ("Common Stock") | (F1) The option exercise and sale of Common Stock reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2025. (F4) The option has fully vested and is exercisable as of the date hereof as to 707,926 shares of Common Stock. |