SEC Form 4 · accession 0001907982-26-000088
D-Wave Quantum Inc. · QBTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan E Baratz
Officer — President & CEO · Director
Period of report
Jun 8, 2026
Accepted (ET)
Jun 10, 2026 · 4:07 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001907982
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per share ("Common Stock")F1 | Jun 8, 2026 | M | 474,395 | $0.91 | A | 3,774,166 | D | |
| Common Stock, par value $0.0001 per share ("Common Stock")F1 | Jun 8, 2026 | M | 213,232 | $0.846 | A | 3,987,398 | D | |
| Common Stock, par value $0.0001 per share ("Common Stock")F3,F1 | Jun 8, 2026 | S | 687,627 | $26.13 | D | 3,299,771 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $0.91 | Jun 8, 2026 | M | 474,395 | D | — | May 5, 2030 | Common Stock, par value $0.0001 per share ("Common Stock") | 474,395 | 0 | D |
| Stock Option (right to buy)F4 | $0.846 | Jun 8, 2026 | M | 213,232 | D | — | Jan 10, 2034 | Common Stock, par value $0.0001 per share ("Common Stock") | 213,232 | 0 | D |
Explanation of responses
- F1Includes 1,270,221 shares of unvested restricted stock units.
- F2The sales reported in this Form 4 were effected for financial and tax planning purposes.
- F3The 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 $26.00 to $26.53, 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.
- F4The option has vested and is exercisable as of the date hereof.