DiLullo John D 4

What Happened

John D. DiLullo, a director of D-Wave Quantum Inc. (QBTS), received an award of 9,357 restricted stock units (RSUs) on 2026-06-04. The RSUs were reported on a Form 4 filed 2026-06-05; the grant price is $0.00 because this was a compensation award rather than an open-market purchase. Total immediate cash value reported on the Form 4 is $0.

Key Details

• Transaction type: Award/Grant (SEC code A) of 9,357 RSUs on 2026-06-04; Form 4 filed 2026-06-05.
• Price: $0.00 per RSU (non-cash grant). Reported total value: $0 on Form 4.
• Vesting: Per footnotes, the RSUs will vest on May 31, 2027, subject to continued service. (Each RSU settles for one share.)
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Filed the next day (appears timely).
• Footnotes: F1 clarifies RSUs convert to one share each at vesting; F2 confirms all 9,357 RSUs are unvested.

Context

This is a typical equity compensation award to an insider (director). RSU grants are non-cash and generally reflect compensation or retention incentives rather than an immediate purchase or sale signal. The RSUs only become actual shares if and when they vest (May 31, 2027), at which point tax withholding or other net-share settlement may occur per company plan.