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

Role
President & CEO, Director
Signature
/s/ Alan Baratz
Issuer symbol
QBTS
Transactions as of
10 Jan 2024
Net transactions value
$0
Form type
4
Filing time
16 Jan 2024, 17:22:05 UTC
Previous filing
01 Nov 2023
Next filing
29 Mar 2024
SEC
View on sec.gov

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") Award $0 +107,469 +4.6% $0.000000 2,444,969 10 Jan 2024 Direct F1

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
transaction QBTS Stock Option (right to buy) Award $0 +213,232 $0.000000 213,232 10 Jan 2024 Common Stock 213,232 $0.8460 Direct F2
holding QBTS Stock Option (right to buy) 2,920,207 10 Jan 2024 Common Stock 2,920,207 $0.9100 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.