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

Role
President & CEO, Director
Signature
/s/ John M Markovich as Attorney-in-Fact, for Alan Baratz
Stock symbol
QBTS
Transactions as of
Oct 30, 2023
Transactions value $
-$305,250
Form type
4
Date filed
11/1/2023, 04:05 PM
Previous filing
Mar 29, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Tax liability -$305K -463K -16.52% $0.66 2.34M Oct 30, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Common Stocks withheld by the Issuer to satisfy tax withholding requirements on the vesting of restricted stock units.
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.