E. Alan Baratz - May 20, 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
President & CEO, Director
Signature
/s/ Alan Baratz
Stock symbol
QBTS
Transactions as of
May 20, 2025
Transactions value $
-$14,628,973
Form type
4
Date filed
5/22/2025, 07:04 PM
Previous filing
May 5, 2025
Next filing
Jul 22, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
BARATZ ALAN E President & CEO, Director 2650 EAST BAYSHORE ROAD, PALO ALTO /s/ Alan Baratz 2025-05-22 0001098231

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 -$250K -19K -0.66% $13.15 2.87M May 20, 2025 Direct F1, F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $770K +846K +29.51% $0.91 3.71M May 21, 2025 Direct F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale -$14.4M -846K -22.78% $17.00 2.87M May 21, 2025 Direct F2, F3

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) Options Exercise -$770K -846K -28.96% $0.91 2.07M May 21, 2025 Common Stock, par value $0.0001 per share ("Common Stock") 846K $0.91 Direct F4
holding QBTS Stock Option (right to buy) 213K May 20, 2025 Common Stock, par value $0.0001 per share ("Common Stock") 213K $0.85 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
F2 Includes 1,281,773 shares of unvested restricted stock units.
F3 The sales reported in this Form 4 were effected for financial and tax planning purposes.
F4 This option has vested and is exercisable as of the date hereof.