Diane Nguyen - 13 Jan 2026 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Signature
/s/ Diane Nguyen
Issuer symbol
QBTS
Transactions as of
13 Jan 2026
Net transactions value
-$703,972
Form type
4
Filing time
15 Jan 2026, 17:12:08 UTC
Previous filing
16 Dec 2025
Next filing
17 Feb 2026

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 15 Jan 2026 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") Sale $577,158 -20,000 -3.5% $28.86 544,108 13 Jan 2026 Direct F1, F2, F3
transaction QBTS Common Stock, par value $0.0001 per share ("Common Stock") Sale $126,814 -4,519 -0.83% $28.06 539,589 14 Jan 2026 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of 20,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 14, 2025.
F2 The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $27.90 to $29.54, 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.
F3 Includes (i) 207,921 shares of unvested restricted stock units, and (ii) 799 shares of Common Stock acquired under the Employee Stock Purchase Plan ("ESPP") of the Issuer for the purchase period of June 1, 2025 to November 30, 2025. In accordance with the ESPP, such 799 shares of Common Stock were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on May 30, 2025.
F4 Represents the number of shares of Common Stock required to be sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F5 The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $27.68 to $28.37, 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.