Alan E. Baratz - 10 Jan 2024 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Reporting owner
Signature
/s/ Alan Baratz
Issuer context
Transaction snapshot
SEC evidence
Form type
4
Filing time
16 Jan 2024, 17:22:05 UTC
Previous filing
01 Nov 2023
Next filing
29 Mar 2024
SEC filing
View on sec.gov

Key filing fact

Alan E. Baratz filed Form 4 for D-Wave Quantum Inc. (QBTS) on 16 Jan 2024.

Key facts

  • This page summarizes Alan E. Baratz's Form 4 filing for D-Wave Quantum Inc. (QBTS).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Filing timestamp: 16 Jan 2024, 17:22.

Change

  • Previous filing in this sequence was filed on 01 Nov 2023.
  • Current net transaction value: $0.

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.

See Original Filing

Reported transactions

QBTS transaction

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

Award

Transaction value
$0
Shares
+107,469
Change %
+4.6%
Price
$0.000000
Shares after
2,444,969
Date
10 Jan 2024
Ownership
Direct
Footnotes
F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

QBTS transaction Derivative

Stock Option (right to buy)

Award

Transaction value
$0
Shares
+213,232
Change %
Price
$0.000000
Shares after
213,232
Date
10 Jan 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
213,232
Exercise price
$0.8460
Footnotes
F2
QBTS holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,920,207
Date
10 Jan 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,920,207
Exercise price
$0.9100
Footnotes
F3
* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id Content
F1 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.
F2 This option has vested and is exercisable as of the grant date as to all 213,232 shares of Common Stock.
F3 The option has vested and is exercisable as of the grant date as to all 2,920,207 shares of Common Stock.
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