Diane Nguyen - 23 May 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
General Counsel
Signature
/s/ Diane Nguyen
Issuer symbol
QBTS
Transactions as of
23 May 2025
Net transactions value
-$1,610,054
Form type
4
Filing time
28 May 2025, 20:56:09 UTC
Previous filing
22 May 2025
Next filing
23 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nguyen Diane General Counsel 2650 EAST BAYSHORE ROAD, PALO ALTO /s/ Diane Nguyen 28 May 2025 0001974777

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") Options Exercise $49,284 +58,255 +11% $0.8460 592,919 23 May 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $32,380 +15,419 +2.6% $2.10 608,338 23 May 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $47,063 +51,155 +8.4% $0.9200 659,493 23 May 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $15,099 +16,592 +2.5% $0.9100 676,085 23 May 2025 Direct F1
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $49,277 -2,596 -0.38% $18.98 673,489 23 May 2025 Direct F1, F2, F3
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $1,560,776 -83,166 -12% $18.77 590,323 23 May 2025 Direct F1, F4

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 $49,284 -58,255 -100% $0.8460 0 23 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 58,255 $0.8460 Direct F5
transaction QBTS Stock Option (right to buy) Options Exercise $32,380 -15,419 -15% $2.10 84,581 23 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 15,419 $2.10 Direct F6
transaction QBTS Stock Option (right to buy) Options Exercise $47,063 -51,155 -96% $0.9200 2,224 23 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 51,155 $0.9200 Direct F7
transaction QBTS Stock Option (right to buy) Options Exercise $15,099 -16,592 -37% $0.9100 27,668 23 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 16,592 $0.9100 Direct F5
holding QBTS Stock Option (right to buy) 9,118 23 May 2025 Common Stock, par value $0.0001 per share ("Common Stock") 9,118 $0.9100 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 301,057 shares of unvested restricted stock units.
F2 Represents shares of Common Stock sold by the Reporting Person in connection with the exercise of 58,255 stock options.
F3 The sales price reported is the weighted average sale price for the number of shares sold to cover the cashless exercise of stock options. These shares were sold in multiple transactions at prices ranging from $18.94 to $19.065, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
F4 The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $18.72 to $18.8199, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
F5 This option has vested and is exercisable as of the date hereof.
F6 The option has vested and is exercisable as of the date hereof as to 50,000 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through May 1, 2027 as to 50,000 shares of Common Stock.
F7 The option has vested and is exercisable as of the date hereof as to 51,155 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 2,224 shares of Common Stock.