John M. Markovich - 05 Sep 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role: Chief Financial Officer
Signature: /s/ John M. Markovich
Issuer symbol: QBTS
Transactions as of: 05 Sep 2025
Net transactions value: $0
Form type: 4
Filing time: 09 Sep 2025, 17:24:05 UTC
Previous filing: 14 Aug 2025
Next filing: 12 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Markovich John M.	Chief Financial Officer	2650 EAST BAYSHORE ROAD, PALO ALTO	/s/ John M. Markovich	09 Sep 2025	0001453942

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	$37,497	+40,758	+2.6%	$0.9200	1,599,511	05 Sep 2025	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)	Options Exercise	$37,497	-40,758	-4.5%	$0.9200	857,926	05 Sep 2025	Common Stock, par value $0.0001 per share ("Common Stock")	40,758	$0.9200	Direct	F2
holding	QBTS	Stock Option (right to buy)						120,826	05 Sep 2025	Common Stock, par value $0.0001 per share ("Common Stock")	120,826	$0.8460	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 812,837 shares of unvested restricted stock units.
F2	This option has fully vested and is exercisable as of the date hereof as to 898,864 shares of Common Stock.
F3	This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.