Victoria Brydon - Oct 30, 2023 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role: Chief People Officer
Signature: /s/ John M Markovich, as Attorney-in-Fact, for Victoria Brydon
Stock symbol: QBTS
Transactions as of: Oct 30, 2023
Transactions value $: -$35,944
Form type: 4
Date filed: 11/1/2023, 04:05 PM
Previous filing: Jun 13, 2023

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	-$35.9K	-54.5K	-15.73%	$0.66	292K	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 Stock withheld by the Issuer to satisfy tax withholding requirements on the vesting of restricted stock units.
F2	Includes: (a) 231,005 shares of unvested restricted stock units: (i) 101,795 RSUs granted on October 27, 2022 and vesting as follows: 50,897 on October 27, 2024 and 50,898 on October 27, 2025, and (ii) 129,210 RSUs granted on March 27, 2023 and vesting as follows: 32,302 on March 27, 2024 and the remaining 96,908 will vest quarterly at a rate of 6.25% beginning June 27, 2024, and (b) 13,375 Common Stock acquired under the Employee Stock Purchase Plan ("ESPP") of the Issuer for the purchase period of January 1, 2023 to June 30, 2023. In accordance with the ESPP, the 13,375 Common Stocks were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on January 1, 2023.

Content

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

Includes: (a) 231,005 shares of unvested restricted stock units: (i) 101,795 RSUs granted on October 27, 2022 and vesting as follows: 50,897 on October 27, 2024 and 50,898 on October 27, 2025, and (ii) 129,210 RSUs granted on March 27, 2023 and vesting as follows: 32,302 on March 27, 2024 and the remaining 96,908 will vest quarterly at a rate of 6.25% beginning June 27, 2024, and (b) 13,375 Common Stock acquired under the Employee Stock Purchase Plan ("ESPP") of the Issuer for the purchase period of January 1, 2023 to June 30, 2023. In accordance with the ESPP, the 13,375 Common Stocks were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on January 1, 2023.