Quick Takeaways
- QBTS - D-Wave Quantum Inc. has 21 insiders with reported activity on this page.
- Net insider value flow over the last year: -$115,988,479.
- Recent transaction rows are available for direct filing-level review.
- Info
- Insider Trading
- Financials
- Holders
Insider Transactions Reported by 21 Insiders of D-Wave Quantum Inc.
- Symbol
- QBTS on NYSE
- Location
- Palo Alto, CA
What Changed
- Buy value: $1,795; sell value: $115,990,273.
- Net share flow: -5,105,569.
Why This Matters
- This page gives a plain-language issuer insider context before you inspect transaction-level evidence.
- Use the filing links below to verify timestamps, codes, and ownership impacts directly from SEC forms.
Official SEC Source
Insider trading overview
Last 12 monthsNet insider flow leans to selling over the last 12 months. Net value: -$115,988,479.
Buys
$1,795
Shares: 82
Insiders: 1
Sells
$115,990,274
Shares: 5,105,651
Insiders: 8
Net
-$115,988,479
Shares: -5,105,569
Insiders: -7
| Window (months) | Buy shares | Sell shares | Buy $ | Sell $ | Net $ |
|---|---|---|---|---|---|
| 0-3 | 0 | 101,400 | $0 | $2,526,394 | -$2,526,394 |
| 3-6 | 82 | 2,488,450 | $1,795 | $70,342,080 | -$70,340,285 |
| 6-9 | 0 | 481,270 | $0 | $8,490,607 | -$8,490,607 |
| 9-12 | 0 | 2,034,531 | $0 | $34,631,191 | -$34,631,191 |
D-Wave Quantum Inc. executives and other stock owners filed with the SEC include:
| Name | Relationship | Holdings Value | Past Year Net Change | Change % | Valuation | Report Date |
|---|---|---|---|---|---|---|
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 10%+ Owner | $103,476,784 | Filing P/S | 10 Jan 2025 | ||
| Alan E. Baratz | President & CEO, Director | $73,341,763 | -$67,818,736 | -48% | Mixed | 14 Jan 2026 |
| John M. Markovich | Chief Financial Officer | $25,776,755 | -$27,421,361 | -52% | Mixed | 13 Mar 2026 |
| Diane Nguyen | EVP, Chief Legal Officer & GC | $10,028,207 | -$5,161,233 | -34% | Mixed | 13 Mar 2026 |
| GOLDMAN SACHS GROUP INC | 10%+ Owner | $7,939,776 | Mixed | 10 Aug 2022 | ||
| Steven M. West | Director | $5,009,420 | -$7,750,547 | -61% | Mixed | 18 Nov 2025 |
| Emil Michael | Director | $3,411,925 | Mixed | 13 Jun 2024 | ||
| Kirstjen Nielsen | Director | $2,548,663 | -$1,317,714 | -34% | Filing P/S | 03 Dec 2025 |
| CDPM Sponsor Group, LLC | 10%+ Owner | $1,826,930 | Mixed | 05 Aug 2022 | ||
| Sharon E. Holt | Director | $808,387 | Mixed | 05 Jun 2025 | ||
| Victoria Brydon | Chief People Officer | $525,331 | Mixed | 30 Oct 2023 | ||
| Rohit Ghai | Director | $489,359 | -$1,329,632 | -73% | Filing P/S | 16 Mar 2026 |
| Amy L. Cappellanti-Wolf | Director | $397,387 | Mixed | 06 Jun 2024 | ||
| John D. DiLullo | Director | $356,695 | -$1,409,221 | -80% | Filing P/S | 05 Mar 2026 |
| Roger Biscay | Director | $240,238 | -$3,780,035 | -94% | Filing P/S | 12 Jun 2025 |
| Michael J. Rogers | Director | $112,196 | Mixed | 28 Jun 2023 | ||
| Eduard van Gelderen | Director | Mixed | 05 Aug 2022 | |||
| Ziv Ehrenfeld | Director | Mixed | 04 Apr 2023 | |||
| Philip Adam Smalley III | Director | Mixed | 13 Apr 2023 | |||
| Jennifer S. Houston | Chief Marketing Officer | Mixed | 05 Aug 2022 | |||
| Tanya J. Rothe | General Counsel | Mixed | 05 Aug 2022 |
Top shareholders of D-Wave Quantum Inc. (13F + 13D/G + 3/4/5)
Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.
Methodology: rows are grouped by holder and ranked by the holder's primary source value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
| Holder | Source | Role / Reporting | Ownership % | Shares | Holdings Value | 12M Net Δ | As of | Details |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC |
13F
|
Company |
11%
|
36,909,069
|
$965,172,155 | — | 31 Dec 2025 | |
| BlackRock, Inc. |
13F
13D/G
|
Company |
7.1%
from 13D/G
|
28,198,441
|
$737,389,242 | — | 31 Dec 2025 | |
| UBS Group AG |
13F
|
Company |
3%
|
10,263,434
|
$268,388,799 | — | 31 Dec 2025 | |
| GEODE CAPITAL MANAGEMENT, LLC |
13F
|
Company |
2.5%
|
8,394,726
|
$220,085,111 | — | 31 Dec 2025 | |
| STATE STREET CORP |
13F
|
Company |
2.3%
|
7,707,085
|
$201,540,273 | — | 31 Dec 2025 | |
| Marex Group plc |
13F
|
Company |
1.4%
|
4,592,656
|
$120,097,955 | — | 31 Dec 2025 | |
| Clear Street Group Inc. |
13F
|
Company |
1.3%
|
4,281,254
|
$111,954,792 | — | 31 Dec 2025 | |
| PUBLIC SECTOR PENSION INVESTMENT BOARD |
3/4/5
13D/G
|
10%+ Owner |
2%
from 13D/G
|
20,384,694
|
$103,476,784 | — | 10 Jan 2025 | |
| GOLDMAN SACHS GROUP INC |
13F
3/4/5
|
Company · 10%+ Owner |
1%
|
3,548,013
|
$92,780,540 | — | 31 Dec 2025 | |
| BANK OF AMERICA CORP /DE/ |
13F
|
Company |
1%
|
3,517,550
|
$91,983,933 | — | 31 Dec 2025 | |
| UNICOM Systems, Inc. |
13F
|
Company |
0.92%
|
3,121,346
|
$81,623,198 | — | 31 Dec 2025 | |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC |
13F
|
Company |
0.9%
|
3,061,575
|
$80,060,186 | — | 31 Dec 2025 | |
| NORTHERN TRUST CORP |
13F
|
Company |
0.84%
|
2,837,994
|
$74,213,544 | — | 31 Dec 2025 | |
| Alan E. Baratz |
3/4/5
|
President & CEO, Director |
—
mixed-class rows
|
3,072,545
mixed-class rows
|
$73,341,763 | -$67,818,736 | 14 Jan 2026 | |
| MORGAN STANLEY |
13F
|
Company |
0.75%
|
2,550,977
|
$66,708,049 | — | 31 Dec 2025 | |
| SG Americas Securities, LLC |
13F
|
Company |
0.67%
|
2,272,020
|
$59,413,000 | — | 31 Dec 2025 | |
| Trybe Capital Management LP |
13F
|
Company |
0.57%
|
1,936,922
|
$50,650,510 | — | 31 Dec 2025 | |
| RENAISSANCE TECHNOLOGIES LLC |
13F
|
Company |
0.51%
|
1,712,342
|
$44,777,743 | — | 31 Dec 2025 | |
| Nuveen, LLC |
13F
|
Company |
0.49%
|
1,669,510
|
$43,657,686 | — | 31 Dec 2025 | |
| PRICE T ROWE ASSOCIATES INC /MD/ |
13F
|
Company |
0.46%
|
1,543,731
|
$40,369,000 | — | 31 Dec 2025 | |
| JPMORGAN CHASE & CO |
13F
|
Company |
0.45%
|
1,509,202
|
$39,465,633 | — | 31 Dec 2025 | |
| Defiance ETFs, LLC |
13F
|
Company |
0.44%
|
1,490,284
|
$39,119,955 | — | 31 Dec 2025 | |
| Penserra Capital Management LLC |
13F
|
Company |
0.44%
|
1,490,284
|
$38,970,000 | — | 31 Dec 2025 | |
| ALLIANCEBERNSTEIN L.P. |
13F
|
Company |
0.44%
|
1,486,056
|
$38,860,364 | — | 31 Dec 2025 | |
| Bank of New York Mellon Corp |
13F
|
Company |
0.37%
|
1,241,377
|
$32,462,000 | — | 31 Dec 2025 | |
| Quadrature Capital Ltd |
13F
|
Company |
0.33%
|
1,120,802
|
$29,308,972 | — | 31 Dec 2025 | |
| John M. Markovich |
3/4/5
|
Chief Financial Officer |
—
mixed-class rows
|
1,659,353
mixed-class rows
|
$25,776,755 | -$27,421,361 | 13 Mar 2026 | |
| LORD, ABBETT & CO. LLC |
13F
|
Company |
0.29%
|
969,742
|
$25,359,000 | — | 31 Dec 2025 | |
| VAN ECK ASSOCIATES CORP |
13F
|
Company |
0.28%
|
955,951
|
$24,998,000 | — | 31 Dec 2025 | |
| LPL Financial LLC |
13F
|
Company |
0.28%
|
944,234
|
$24,691,719 | — | 31 Dec 2025 | |
| FMR LLC |
13F
|
Company |
0.27%
|
929,559
|
$24,307,969 | — | 31 Dec 2025 | |
| Invesco Ltd. |
13F
|
Company |
0.25%
|
844,033
|
$22,071,463 | — | 31 Dec 2025 | |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP |
13F
|
Company |
0.23%
|
779,431
|
$20,382,121 | — | 31 Dec 2025 | |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. |
13F
|
Company |
0.23%
|
778,541
|
$20,359,000 | — | 31 Dec 2025 | |
| Mubadala Investment Co PJSC |
13F
|
Company |
0.22%
|
744,840
|
$19,477,566 | — | 31 Dec 2025 | |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC |
13F
|
Company |
0.2%
|
679,038
|
$17,756,845 | — | 31 Dec 2025 | |
| Swiss National Bank |
13F
|
Company |
0.2%
|
667,700
|
$17,460,355 | — | 31 Dec 2025 | |
| Erste Asset Management GmbH |
13F
|
Company |
0.18%
|
601,725
|
$15,735,109 | — | 31 Dec 2025 | |
| WELLS FARGO & COMPANY/MN |
13F
|
Company |
0.17%
|
585,841
|
$15,319,751 | — | 31 Dec 2025 | |
| EMERALD ADVISERS, LLC |
13F
|
Company |
0.16%
|
543,272
|
$14,206,563 | — | 31 Dec 2025 | |
| RAYMOND JAMES FINANCIAL INC |
13F
|
Company |
0.16%
|
540,067
|
$14,122,752 | — | 31 Dec 2025 | |
| BARCLAYS PLC |
13F
|
Company |
0.16%
|
528,257
|
$13,813,922 | — | 31 Dec 2025 | |
| CITADEL ADVISORS LLC |
13F
|
Company |
0.16%
|
525,779
|
$13,749,121 | — | 31 Dec 2025 | |
| Point72 Asset Management, L.P. |
13F
|
Company |
0.15%
|
505,761
|
$13,225,650 | — | 31 Dec 2025 | |
| Eurizon Capital SGR S.p.A. |
13F
|
Company |
0.15%
|
498,967
|
$13,048,028 | — | 31 Dec 2025 | |
| Sculptor Capital LP |
13F
|
Company |
0.14%
|
473,100
|
$12,371,565 | — | 31 Dec 2025 | |
| FOUNDATIONS INVESTMENT ADVISORS, LLC |
13F
|
Company |
0.14%
|
471,032
|
$12,317,487 | — | 31 Dec 2025 | |
| RHUMBLINE ADVISERS |
13F
|
Company |
0.12%
|
421,919
|
$11,033,168 | — | 31 Dec 2025 | |
| STIFEL FINANCIAL CORP |
13F
|
Company |
0.12%
|
400,246
|
$10,466,469 | — | 31 Dec 2025 | |
| McGuire Investment Group, LLC |
13F
|
Company |
0.12%
|
390,915
|
$10,222,427 | — | 31 Dec 2025 |
Recent Insider Transactions by Companies or Individuals for D-Wave Quantum Inc.
Showing up to 300 most recent insider transactions from the last 12 months.
| Insider | Symbol | Class | Transaction | % | Value $ | * Price $ | Shares | Shares Owned | Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|---|
| Rohit Ghai | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -26.5% | $176,168 | $17.62 | -10,000 | 27,778 | 16 Mar 2026 | Direct |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.45% | $44,634 | $17.63 | -2,532 | 563,674 | 13 Mar 2026 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.73% | $188,723 | $17.63 | -10,706 | 1,451,427 | 13 Mar 2026 | Direct |
| John D. DiLullo | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -28.8% | $144,098 | $18.01 | -8,000 | 19,803 | 05 Mar 2026 | Direct |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Award | 5.22% | 28,068 | 566,206 | 19 Feb 2026 | Direct | ||
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.27% | $28,671 | $19.76 | -1,451 | 538,138 | 13 Feb 2026 | Direct |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.83% | $126,814 | $28.06 | -4,519 | 539,589 | 14 Jan 2026 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.62% | $257,584 | $28.06 | -9,179 | 1,462,133 | 14 Jan 2026 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -1.33% | $982,545 | $28.06 | -35,013 | 2,598,150 | 14 Jan 2026 | Direct |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -3.55% | $577,158 | $28.86 | -20,000 | 544,108 | 13 Jan 2026 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -23.2% | $23,913,114 | $30.13 | -793,712 | 2,633,163 | 22 Dec 2025 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 30.1% | 793,712 | 3,426,875 | 22 Dec 2025 | Direct | ||
| Alan E. Baratz | QBTS | Stock Option (right to buy) | Options Exercise | -62.6% | -793,712 | 474,395 | 22 Dec 2025 | Direct | ||
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -6.36% | $3,002,620 | $30.03 | -100,000 | 1,471,312 | 22 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 6.8% | 100,000 | 1,571,312 | 22 Dec 2025 | Direct | ||
| John M. Markovich | QBTS | Stock Option (right to buy) | Options Exercise | -32.5% | -100,000 | 207,926 | 22 Dec 2025 | Direct | ||
| Rohit Ghai | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -20.9% | $242,841 | $24.28 | -10,000 | 37,778 | 15 Dec 2025 | Direct |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.48% | $65,303 | $23.89 | -2,733 | 563,309 | 15 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.78% | $276,267 | $23.89 | -11,562 | 1,471,312 | 15 Dec 2025 | Direct |
| John D. DiLullo | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -22.3% | $218,890 | $27.36 | -8,000 | 27,803 | 05 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -6.32% | $2,756,000 | $27.56 | -100,000 | 1,482,874 | 04 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 6.74% | 100,000 | 1,582,874 | 04 Dec 2025 | Direct | ||
| John M. Markovich | QBTS | Stock Option (right to buy) | Options Exercise | -24.5% | -100,000 | 307,926 | 04 Dec 2025 | Direct | ||
| Kirstjen Nielsen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -5.85% | $158,340 | $22.62 | -7,000 | 112,673 | 03 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -6.32% | $2,505,000 | $25.05 | -100,000 | 1,482,874 | 03 Dec 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 6.74% | 100,000 | 1,582,874 | 03 Dec 2025 | Direct | ||
| John M. Markovich | QBTS | Stock Option (right to buy) | Options Exercise | -19.7% | -100,000 | 407,926 | 03 Dec 2025 | Direct | ||
| John D. DiLullo | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Gift | -1.36% | -492 | 35,803 | 21 Nov 2025 | Direct | ||
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -11.9% | $4,588,000 | $22.94 | -200,000 | 1,482,874 | 20 Nov 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 13.5% | 200,000 | 1,682,874 | 20 Nov 2025 | Direct | ||
| John M. Markovich | QBTS | Stock Option (right to buy) | Options Exercise | -28.2% | -200,000 | 507,926 | 20 Nov 2025 | Direct | ||
| Steven M. West | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Purchase | $1,795 | $21.89 | 82 | 82 | 18 Nov 2025 | By spouse | |
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -3.87% | $538,240 | $23.60 | -22,803 | 566,042 | 13 Nov 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -6.2% | $2,272,482 | $23.17 | -98,060 | 1,482,874 | 13 Nov 2025 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -6% | $3,895,663 | $23.17 | -168,102 | 2,633,163 | 13 Nov 2025 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -22.4% | $23,276,406 | $28.87 | -806,288 | 2,801,265 | 11 Nov 2025 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 28.8% | 806,288 | 3,607,553 | 11 Nov 2025 | Direct | ||
| Alan E. Baratz | QBTS | Stock Option (right to buy) | Options Exercise | -38.9% | -806,288 | 1,268,107 | 11 Nov 2025 | Direct | ||
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -3.42% | $911,044 | $43.74 | -20,827 | 588,845 | 14 Oct 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -0.5% | $349,685 | $43.74 | -7,994 | 1,580,934 | 14 Oct 2025 | Direct |
| Alan E. Baratz | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -1.11% | $1,372,187 | $43.74 | -31,369 | 2,801,265 | 14 Oct 2025 | Direct |
| Rohit Ghai | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -17.3% | $179,320 | $17.93 | -10,000 | 47,778 | 15 Sep 2025 | Direct |
| John D. DiLullo | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -18.1% | $143,432 | $17.93 | -8,000 | 36,295 | 15 Sep 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Tax liability | -0.66% | -10,583 | 1,588,928 | 15 Sep 2025 | Direct | ||
| Diane Nguyen | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Tax liability | -0.41% | -2,501 | 609,672 | 15 Sep 2025 | Direct | ||
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -3.03% | $875,000 | $17.50 | -50,000 | 1,599,511 | 12 Sep 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 3.13% | 50,000 | 1,649,511 | 12 Sep 2025 | Direct | ||
| John M. Markovich | QBTS | Stock Option (right to buy) | Options Exercise | -6.6% | -50,000 | 707,926 | 12 Sep 2025 | Direct | ||
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Sale | -3.03% | $815,000 | $16.30 | -50,000 | 1,599,511 | 11 Sep 2025 | Direct |
| John M. Markovich | QBTS | Common Stock, par value $0.0001 per share ("Common Stock") | Options Exercise | 6.45% | 100,000 | 1,649,511 | 11 Sep 2025 | Direct |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.