Form 4 for QBTS D-Wave Quantum Inc.
Accepted 2025-05-28 00:00:00 ET · period of report 2025-05-23 · accession 0001907982-25-000115 · 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 | 2025-05-28 | 2025-05-23 | QBTS | Nguyen Diane | GC | M - OptEx | $1.02 | +141.4K | 608.3K | +30% | +$144.1K |
| DM | 2025-05-28 | 2025-05-23 | QBTS | Nguyen Diane | GC | S - Sale+OE | $18.78 | -85.8K | 590.3K | -13% | -$1.61M |
| DM | 2025-05-28 | 2025-05-23 | QBTS | Nguyen Diane | GC | M - OptEx | $1.02 | -141.4K | 27.7K | -84% | -$144.1K |
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") | 2025-05-23 | M | A | 58,255 | $0.85 | 592,919 | D | — | — | (F1) Includes 301,057 shares of unvested restricted stock units. |
| 2 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-05-23 | M | A | 51,155 | $0.92 | 659,493 | D | — | — | (F1) Includes 301,057 shares of unvested restricted stock units. |
| 3 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-05-23 | M | A | 16,592 | $0.91 | 676,085 | D | — | — | (F1) Includes 301,057 shares of unvested restricted stock units. |
| 4 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-05-23 | S | D | 2,596 | $18.98 | 673,489 | D | — | — | (F3) The sales price reported is the weighted average sale price for the number of shares sold to cover the cashless exercise of stock options. These shares were sold in multiple transactions at prices ranging from $18.94 to $19.065, 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. (F1) Includes 301,057 shares of unvested restricted stock units. |
| 5 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-05-23 | S | D | 83,166 | $18.77 | 590,323 | D | — | — | (F4) The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $18.72 to $18.8199, 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. (F1) Includes 301,057 shares of unvested restricted stock units. |
| 6 | Common | Common Stock, par value $0.0001 per share ("Common Stock") | 2025-05-23 | M | A | 15,419 | $2.10 | 608,338 | D | — | — | (F1) Includes 301,057 shares of unvested restricted stock units. |
| 7 | Derivative | Stock Option (right to buy) | 2025-05-23 | M | D | 58,255 | $0.85 | 0 | D | $0.85 · — to 2034-01-10 | 58,255 Common Stock, par value $0.0001 per share ("Common Stock") | (F5) This option has vested and is exercisable as of the date hereof. |
| 8 | Derivative | Stock Option (right to buy) | 2025-05-23 | M | D | 15,419 | $2.10 | 84,581 | D | $2.10 · — to 2034-03-27 | 15,419 Common Stock, par value $0.0001 per share ("Common Stock") | (F6) The option has vested and is exercisable as of the date hereof as to 50,000 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through May 1, 2027 as to 50,000 shares of Common Stock. |
| 9 | Derivative | Stock Option (right to buy) | 2025-05-23 | M | D | 51,155 | $0.92 | 2,224 | D | $0.92 · — to 2031-08-20 | 51,155 Common Stock, par value $0.0001 per share ("Common Stock") | (F7) The option has vested and is exercisable as of the date hereof as to 51,155 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 16th of each month through July 16, 2025 as to 2,224 shares of Common Stock. |
| 10 | Derivative | Stock Option (right to buy) | 2025-05-23 | M | D | 16,592 | $0.91 | 27,668 | D | $0.91 · — to 2030-05-05 | 16,592 Common Stock, par value $0.0001 per share ("Common Stock") | (F5) This option has vested and is exercisable as of the date hereof. |