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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Aug 2025, 21:03:41 UTC
Prior SEC filing
04 Aug 2025
Next SEC filing
17 Sep 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Diane Nguyen

Key filing fact

Diane Nguyen filed Form 4 for D-Wave Quantum Inc. (QBTS) on 14 Aug 2025.

Key facts

  • This page summarizes Diane Nguyen's Form 4 filing for D-Wave Quantum Inc. (QBTS).
  • 12 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 14 Aug 2025, 21:03.

Change

  • Previous filing in this sequence was filed on 04 Aug 2025.
  • Current net transaction value: -$1,304,832.

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 0001974777 Primary reporting owner

Nguyen Diane

Relationship
EVP, Chief Legal Officer & GC
Address
2650 EAST BAYSHORE ROAD, PALO ALTO
Signature
/s/ Diane Nguyen
Signature date
14 Aug 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")

Tax liability

Transaction value
$45,516
Shares
-2,459
Change %
-0.41%
Price
$18.51
Shares after
601,602
Date
13 Aug 2025
Ownership
Direct
Footnotes
F1, F2
QBTS transaction

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

Sale

Transaction value
$464,309
Shares
-25,634
Change %
-4.3%
Price
$18.11
Shares after
575,968
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2, F3
QBTS transaction

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

Options Exercise

Transaction value
$25,178
Shares
+27,668
Change %
+4.8%
Price
$0.9100
Shares after
603,636
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2
QBTS transaction

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

Options Exercise

Transaction value
$8,297
Shares
+9,118
Change %
+1.5%
Price
$0.9100
Shares after
612,754
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2
QBTS transaction

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

Options Exercise

Transaction value
$2,046
Shares
+2,224
Change %
+0.36%
Price
$0.9200
Shares after
614,978
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2
QBTS transaction

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

Sale

Transaction value
$709,241
Shares
-39,010
Change %
-6.3%
Price
$18.18
Shares after
575,968
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2, F4
QBTS transaction

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

Options Exercise

Transaction value
$85,745
Shares
+40,831
Change %
+7.1%
Price
$2.10
Shares after
616,799
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2
QBTS transaction

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

Sale

Transaction value
$85,766
Shares
-4,626
Change %
-0.75%
Price
$18.54
Shares after
612,173
Date
13 Aug 2025
Ownership
Direct
Footnotes
F2, F5, F6

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
$25,178
Shares
-27,668
Change %
-100%
Price
$0.9100
Shares after
0
Date
13 Aug 2025
Ownership
Direct
Underlying class
Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount
27,668
Exercise price
$0.9100
Footnotes
F7
QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$8,297
Shares
-9,118
Change %
-100%
Price
$0.9100
Shares after
0
Date
13 Aug 2025
Ownership
Direct
Underlying class
Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount
9,118
Exercise price
$0.9100
Footnotes
F7
QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$2,046
Shares
-2,224
Change %
-100%
Price
$0.9200
Shares after
0
Date
13 Aug 2025
Ownership
Direct
Underlying class
Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount
2,224
Exercise price
$0.9200
Footnotes
F7
QBTS transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value
$85,745
Shares
-40,831
Change %
-48%
Price
$2.10
Shares after
43,750
Date
13 Aug 2025
Ownership
Direct
Underlying class
Common Stock, par value $0.0001 per share ("Common Stock")
Underlying amount
40,831
Exercise price
$2.10
Footnotes
F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.

Footnote F2

Includes 294,212 shares of unvested restricted stock units.

Footnote 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.

Footnote 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.

Footnote F5

Represents shares of Common Stock sold by the Reporting Person in connection with the exercise of 40,831 stock options.

Footnote 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.

Footnote F7

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

Footnote 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.

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