Diane Nguyen - 13 Aug 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
EVP, Chief Legal Officer & GC
Signature
/s/ Diane Nguyen
Issuer symbol
QBTS
Transactions as of
13 Aug 2025
Net transactions value
-$1,304,832
Form type
4
Filing time
14 Aug 2025, 21:03:41 UTC
Previous filing
04 Aug 2025
Next filing
17 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nguyen Diane EVP, Chief Legal Officer & GC 2650 EAST BAYSHORE ROAD, PALO ALTO /s/ Diane Nguyen 14 Aug 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") Tax liability $45,516 -2,459 -0.41% $18.51 601,602 13 Aug 2025 Direct F1, F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $464,309 -25,634 -4.3% $18.11 575,968 13 Aug 2025 Direct F2, F3
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $25,178 +27,668 +4.8% $0.9100 603,636 13 Aug 2025 Direct F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $8,297 +9,118 +1.5% $0.9100 612,754 13 Aug 2025 Direct F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $2,046 +2,224 +0.36% $0.9200 614,978 13 Aug 2025 Direct F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $709,241 -39,010 -6.3% $18.18 575,968 13 Aug 2025 Direct F2, F4
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Options Exercise $85,745 +40,831 +7.1% $2.10 616,799 13 Aug 2025 Direct F2
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $85,766 -4,626 -0.75% $18.54 612,173 13 Aug 2025 Direct F2, F5, F6

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 $25,178 -27,668 -100% $0.9100 0 13 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 27,668 $0.9100 Direct F7
transaction QBTS Stock Option (right to buy) Options Exercise $8,297 -9,118 -100% $0.9100 0 13 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 9,118 $0.9100 Direct F7
transaction QBTS Stock Option (right to buy) Options Exercise $2,046 -2,224 -100% $0.9200 0 13 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 2,224 $0.9200 Direct F7
transaction QBTS Stock Option (right to buy) Options Exercise $85,745 -40,831 -48% $2.10 43,750 13 Aug 2025 Common Stock, par value $0.0001 per share ("Common Stock") 40,831 $2.10 Direct F8
* 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 294,212 shares of unvested restricted stock units.
F3 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 $18.11 to $18.13, 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 $18.18 to $18.185, 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 Represents shares of Common Stock sold by the Reporting Person in connection with the exercise of 40,831 stock options.
F6 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 $18.475 to $18.540, 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.
F7 The option has vested and is exercisable as of the date hereof.
F8 This option has vested and is exercisable as of the date hereof as to 40,831 shares of Common Stock and the remaining portion of the option vests in monthly installments of 2,083 or 2,084 shares of Common Stock on the 1st of each month through May 1, 2027.