BARATZ ALAN E 4

What Happened
Alan E. Baratz, President, CEO and a director of D‑Wave Quantum Inc. (QBTS), received a grant of 753,941 restricted stock units (RSUs) on April 30, 2026. Each RSU represents the right to one share of common stock; the grant price is reported as $0.00 (total reported value $0). This was an award/grant (not a cash purchase or sale).

Key Details

• Transaction date and price: April 30, 2026; 753,941 RSUs granted at $0.00 per RSU.
• Vesting: RSUs vest in equal quarterly installments from April 30, 2026 through January 1, 2030, subject to continued service.
• Vested portion: 47,122 RSUs from the April grant have already vested; the underlying shares have not yet been delivered.
• Outstanding unvested RSUs: Filing notes "Includes 1,270,220 unvested RSUs" (this figure includes the April 30, 2026 grant).
• Filing timeliness: Form 4 filed May 4, 2026 reporting the April 30 transaction; this appears to be within the typical two-business-day reporting window.

Context
RSU grants are compensation and do not represent an open‑market purchase or sale; they generally reflect company compensation decisions rather than immediate insider buying/selling sentiment. Vested RSUs may convert to shares subject to any settlement timing and tax withholding, which can affect when shares actually appear in the insider's account.