John M. Markovich - 22 May 2026 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Reporting relationship: Chief Financial Officer
Issuer ticker: QBTS
Reported as of: 22 May 2026
Net transaction value: -$9,107,647
SEC form: 4
Accepted by SEC: 27 May 2026, 17:31:17 UTC
Prior SEC filing: 15 Apr 2026
Next SEC filing: 04 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ John M. Markovich

Key filing fact

John M. Markovich filed Form 4 for D-Wave Quantum Inc. (QBTS) on 27 May 2026.

Key facts

This page summarizes John M. Markovich's Form 4 filing for D-Wave Quantum Inc. (QBTS).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 May 2026, 17:31.

Change

Previous filing in this sequence was filed on 15 Apr 2026.
Current net transaction value: -$9,107,647.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001453942 Primary reporting owner

Markovich John M.

Relationship: Chief Financial Officer
Address: 2650 EAST BAYSHORE ROAD, PALO ALTO
Signature: /s/ John M. Markovich
Signature date: 27 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

QBTS transaction

Common Stock, par value $0.0001 per share ("Common Stock")

Options Exercise

Transaction value
Shares: +207,926
Change %: +14%
Price: $0.9200^*
Shares after: 1,650,746
Date: 22 May 2026
Ownership: Direct
Footnotes: F1

QBTS transaction

Common Stock, par value $0.0001 per share ("Common Stock")

Options Exercise

Transaction value
Shares: +120,826
Change %: +7.3%
Price: $0.8460^*
Shares after: 1,771,572
Date: 22 May 2026
Ownership: Direct
Footnotes: F1

QBTS transaction

Common Stock, par value $0.0001 per share ("Common Stock")

Sale

Transaction value: $9,107,647
Shares: -328,752
Change %: -19%
Price: $27.70
Shares after: 1,442,820
Date: 22 May 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
Shares: -207,926
Change %: -100%
Price: $0.9200^*
Shares after: 0
Date: 22 May 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount: 207,926
Exercise price: $0.9200
Footnotes: F3

QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
Shares: -120,826
Change %: -100%
Price: $0.8460^*
Shares after: 0
Date: 22 May 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount: 120,826
Exercise price: $0.8460
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Includes 447,770 shares of unvested restricted stock units.

Footnote 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 $27.00 to $28.61, 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.

Footnote F3

Prior to the reported option exercise transaction, this option had fully vested and was exercisable as to 207,926 shares of Common Stock.

Footnote F4

Prior to the reported option exercise transaction, this option had fully vested and was exercisable as to 120,826 shares of Common Stock.