Steven M. West - 21 May 2025 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Reporting relationship: Director
Issuer ticker: QBTS
Reported as of: 21 May 2025
Net transaction value: -$5,148,802
SEC form: 4
Accepted by SEC: 23 May 2025, 17:28:16 UTC
Prior SEC filing: 20 Aug 2025
Next SEC filing: 12 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Alan E. Baratz as Attorney-in-Fact, for Steven West

Key filing fact

Steven M. West filed Form 4 for D-Wave Quantum Inc. (QBTS) on 23 May 2025.

Key facts

This page summarizes Steven M. West's Form 4 filing for D-Wave Quantum Inc. (QBTS).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 23 May 2025, 17:28.

Change

Previous filing in this sequence was filed on 20 Aug 2025.
Current net transaction value: -$5,148,802.

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 0001198055 Primary reporting owner

WEST STEVEN M

Relationship: Director
Address: 3033 BETA AVENUE, BURNABY, BRITISH COLUMBIA, CANADA
Signature: /s/ Alan E. Baratz as Attorney-in-Fact, for Steven West
Signature date: 23 May 2025

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: $81,848
Shares: +88,965
Change %: +38%
Price: $0.9200
Shares after: 325,287
Date: 21 May 2025
Ownership: Direct

QBTS transaction

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

Options Exercise

Transaction value: $202,937
Shares: +223,008
Change %: +69%
Price: $0.9100
Shares after: 548,295
Date: 21 May 2025
Ownership: Direct

QBTS transaction

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

Sale

Transaction value: $5,148,802
Shares: -311,973
Change %: -57%
Price: $16.50
Shares after: 236,322
Date: 21 May 2025
Ownership: Direct
Footnotes: F1

QBTS holding

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

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,659
Date: 21 May 2025
Ownership: See Footnote
Footnotes: 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: $81,848
Shares: -88,965
Change %: -100%
Price: $0.9200
Shares after: 0
Date: 21 May 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount: 88,965
Exercise price: $0.9200
Footnotes: F3

QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $202,937
Shares: -223,008
Change %: -100%
Price: $0.9100
Shares after: 0
Date: 21 May 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount: 223,008
Exercise price: $0.9100
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

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 $16.315 to $16.645, 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 F2

Emerging Company Partners LLC is the record holder of such securities. The reporting person controls this entity.

Footnote F3

The option has vested and is exercisable as of the date hereof.