Markovich John M. 4

What Happened
John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), had 8,607 shares of common stock withheld by the company to satisfy tax withholding related to the vesting of restricted stock units. The withholding was executed at $14.25 per share for a total value of approximately $122,650. This was a tax-withholding/net settlement of RSUs, not an open-market sale.

Key Details

• Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (timely filing within the usual two-business-day window).
• Withheld/disposed: 8,607 shares at $14.25 per share — total value ~$122,650.
• Footnote F1: Shares were withheld by the issuer to satisfy tax withholding requirements on vested RSUs.
• Footnote F2: Reported holdings include 447,770 shares of unvested restricted stock units.
• Filing type: Disposition for tax withholding (transaction code F), not a purchase or open-market sale.

Context
This transaction is a routine "net settlement" to cover tax obligations when RSUs vest; it reduces the insider’s outstanding delivered shares but does not indicate an active decision to sell shares on the market. For retail investors, routine tax-withholding dispositions are common and generally carry less interpretive weight than open-market purchases or intentional large sales.