Alan E. Baratz - 30 Oct 2023 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Reporting relationship: President & CEO, Director
Issuer ticker: QBTS
Reported as of: 30 Oct 2023
Net transaction value: -$305,250
SEC form: 4
Accepted by SEC: 01 Nov 2023, 16:05:20 UTC
Prior SEC filing: 29 Mar 2023
Next SEC filing: 16 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ John M Markovich as Attorney-in-Fact, for Alan Baratz

Key filing fact

Alan E. Baratz filed Form 4 for D-Wave Quantum Inc. (QBTS) on 01 Nov 2023.

Key facts

This page summarizes Alan E. Baratz's Form 4 filing for D-Wave Quantum Inc. (QBTS).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 01 Nov 2023, 16:05.

Change

Previous filing in this sequence was filed on 29 Mar 2023.
Current net transaction value: -$305,250.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

QBTS transaction

Common Stock, par value $0.0001 per share ("Common Stock")

Tax liability

Transaction value: $305,250
Shares: -462,500
Change %: -17%
Price: $0.6600
Shares after: 2,337,500
Date: 30 Oct 2023
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents Common Stocks withheld by the Issuer to satisfy tax withholding requirements on the vesting of restricted stock units.

Footnote F2

Includes 1,550,000 shares of unvested restricted stock units: (i) 1,250,000 RSUs granted on October 27, 2022 and vesting as follows: 875,000 on October 27, 2024 and 375,000 on October 27, 2025, and (ii) 300,000 RSUs granted on March 27, 2023 and vesting as follows: 75,000 on March 27, 2024 and the remaining 225,000 will vest quarterly at a rate of 6.25% beginning June 27, 2024.