BARATZ ALAN E 4

What Happened

Alan E. Baratz, President & CEO and Director of D-Wave Quantum Inc. (QBTS), had 18,542 shares of common stock withheld by the company to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was reported as disposed at $22.35 per share, for a total value of approximately $414,414. This was a tax-withholding/cashless-withhold transaction (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-13; Filing date (Form 4): 2026-05-14 (timely filing).
• Shares withheld/disposed: 18,542 at $22.35/share — total ~$414,414.
• Transaction type: F — shares withheld by issuer to satisfy tax withholding on RSU vesting.
• Footnote F1: confirms shares were withheld to meet tax withholding requirements for vested RSUs.
• Footnote F2: indicates 1,270,221 unvested RSUs are included in the reporting context (i.e., substantial remaining unvested awards).
• The report did not provide a separate "shares owned after transaction" total in the data supplied here.

Context

This is a routine tax-withholding event that commonly occurs when RSUs vest; it should not be interpreted as an active sale reflecting the insider's market view. For retail investors, purchases are generally more informative than routine withholdings.