Tanya J. Rothe - Aug 5, 2022 Form 3 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
General Counsel
Signature
/s/ Tanya J. Rothe
Stock symbol
QBTS
Transactions as of
Aug 5, 2022
Transactions value $
$0
Form type
3
Date filed
8/5/2022, 03:07 PM

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
holding QBTS Exchangeable Shares Aug 5, 2022 Common Stock, par value $0.0001 per share ("Common Stock") 2.05K Direct F1
holding QBTS Stock Option (right to buy) Aug 5, 2022 Common Stock 553K $0.81 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents exchangeable shares in the capital of D-Wave Quantum Technologies Inc., an indirect wholly-owned subsidiary of the Issuer, which are exchangeable for Common Stock of the Issuer at any time on a one-for-one basis, subject to adjustment. The exchangeable shares are currently exercisable and have no expiration date.
F2 The option has vested and is exercisable as of the date hereof as to 518,124 shares of Common Stock and the remaining portions of the option vests (1) on August 10, 2022 as to 2,211 shares of Common Stock and (2) in equal monthly installments on the 5th of each month through May 5, 2024 as to 33,045 shares of Common Stock.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney