Markovich John M. 4

What Happened
John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported a sale of 10,706 shares of common stock on 2026-03-13. The weighted average sale price was $17.63, generating proceeds of $188,723. The filing indicates this was a sell-to-cover transaction related to the vesting of restricted stock units (RSUs), not a discretionary open-market sale.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the standard 2-business-day reporting window).
• Transaction type: Sale (S); proceeds: $188,723; weighted average price $17.63. Sales occurred at prices ranging from $17.60 to $17.66.
• Reason: Sell-to-cover to satisfy statutory tax withholding on RSU vesting (footnote F1) — mandated by the issuer's equity plan, not an elective trade by the reporting person.
• Holdings: Filing notes 469,645 unvested restricted stock units remain (footnote F3). The filing does not state a total post-transaction beneficial ownership aggregate beyond the unvested RSUs.
• Footnote on pricing: Weighted average shown; separate per-price breakdown available on request (footnote F2).

Context
Sell-to-cover transactions are routine tax-withholding actions when equity awards vest and generally do not signal an insider's view on the company's near-term prospects. This was not an exercise of options or a discretionary market liquidation; it was a transaction required to meet tax obligations tied to RSU vesting.