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

Role
General Counsel
Signature
/s/ Diane Nguyen
Issuer symbol
QBTS
Transactions as of
10 Jan 2024
Net transactions value
$0
Form type
4
Filing time
16 Jan 2024, 17:29:07 UTC
Previous filing
18 Oct 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 +36,351 +14% $0.000000 299,156 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 +58,255 $0.000000 58,255 10 Jan 2024 Common Stock 58,255 $0.8460 Direct F2
holding QBTS Stock Option (right to buy) 16,592 10 Jan 2024 Common Stock 16,592 $0.9100 Direct F3
holding QBTS Stock Option (right to buy) 27,668 10 Jan 2024 Common Stock 27,668 $0.9100 Direct F4
holding QBTS Stock Option (right to buy) 9,118 10 Jan 2024 Common Stock 9,118 $0.9100 Direct F5
holding QBTS Stock Option (right to buy) 53,379 10 Jan 2024 Common Stock 53,379 $0.9200 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes: (a) 178,672 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, and (ii) 85,360 RSUs granted on March 27, 2023 and vesting as follows: 21,340 on March 27, 2024 and the remaining 54,020 will vest quarterly at a rate of 6.25% beginning July 27, 2024, and (b) 8,162 Common Stock acquired under the Employee Stock Purchase Plan ("ESPP") of D-Wave Quantum Inc. (the "Issuer"). In accordance with the ESPP, the 8,162 Common Stock were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on November 30, 2023.
F2 This option has vested and is exercisable as of the grant date as to all 58,255 shares of Common Stock.
F3 This option has vested and is exercisable as of the date hereof as to all 16,592 shares of Common Stock.
F4 The option has vested and is exercisable as of the date hereof as to 25,364 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 5th of each month through May 5, 2024 as to 2,304 shares of Common Stock.
F5 The option has vested and is exercisable as of the date hereof as to 7,222 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through November 1, 2024 as to 1,896 shares of Common Stock.
F6 The option has vested and is exercisable as of the date hereof as to 32,251 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 16th of each month through July 16, 2025 as to 21,128 shares of Common Stock.