E. Alan Baratz - Mar 27, 2024 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role: President & CEO, Director
Signature: /s/ Alan Baratz
Stock symbol: QBTS
Transactions as of: Mar 27, 2024
Transactions value $: -$57,550
Form type: 4
Date filed: 3/29/2024, 06:15 PM
Previous filing: Jan 16, 2024
Next filing: Jul 26, 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")	Award	$0	+300K	+12.27%	$0.00	2.74M	Mar 27, 2024	Direct	F1, F2
transaction	QBTS	Common Stock, par value $0.0001 per share ("Common Stock")	Tax liability	-$57.6K	-29.5K	-1.08%	$1.95	2.72M	Mar 27, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 300,000 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest 25% on the first anniversary of the grant date and remaining will vest in equal quarterly installments beginning on June 27, 2025 through March 27, 2028, subject to the reporting person's continued service to the Issuer.
F2	Includes 1,775,000 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, (ii) 225,000 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning June 27, 2024, and (iii) 300,000 RSUs granted on March 27, 2024 and vesting as follows: 75,000 on March 27, 2025 and the remaining 225,000 will vest quarterly at a rate of 6.25% beginning June 27, 2025.

Content

Represents 300,000 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest 25% on the first anniversary of the grant date and remaining will vest in equal quarterly installments beginning on June 27, 2025 through March 27, 2028, subject to the reporting person's continued service to the Issuer.

Includes 1,775,000 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, (ii) 225,000 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning June 27, 2024, and (iii) 300,000 RSUs granted on March 27, 2024 and vesting as follows: 75,000 on March 27, 2025 and the remaining 225,000 will vest quarterly at a rate of 6.25% beginning June 27, 2025.