Markovich John M. 4

4 · D-Wave Quantum Inc. · Filed Jun 16, 2026

AI-generated summary of this filing

Updated Jun 16, 2026

D-Wave (QBTS) CFO John Markovich Sells Shares

What Happened

John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported the sale of a total of 256,627 shares between June 12 and June 15, 2026. The transactions included open-market sales of 246,043 shares and the disposition of 10,584 shares to satisfy tax withholding on vested restricted stock units. Proceeds from the sales totaled roughly $6.5 million (about $1.105M + $2.575M + $2.568M + $0.247M).

Key Details

Transaction dates and prices:
- 2026-06-12: 46,043 shares sold, reported weighted-average price $24.01 (sales ranged $24.00–$24.10 per footnote).
- 2026-06-15: 100,000 shares sold at $25.75.
- 2026-06-15: 100,000 shares sold at $25.68.
- 2026-06-15: 10,584 shares disposed to satisfy tax withholding at $23.37.
Total shares sold/disposed: 256,627; total proceeds ≈ $6,495,840.
Shares owned after transaction: filing notes include 420,872 unvested restricted stock units attributed to Markovich (footnote F2). The filing’s exact total beneficial ownership after these transactions is not provided here.
Footnotes of note:
- F1: The $24.01 price is a weighted average for sales that occurred at prices from $24.00–$24.10; detailed per-trade prices are available on request.
- F3: 10,584 shares were withheld by the issuer to satisfy tax withholding on RSU vesting (i.e., not an open-market sale).
Timeliness: Form 4 was filed on June 16, 2026, and reports transactions from June 12–15, 2026. This filing date is within the SEC’s standard two-business-day window for reporting and appears timely.

Context

These were sales and a tax-withholding disposition—not purchases. Sales by executives are common and can reflect personal liquidity or routine compensation tax obligations; they are not, by themselves, proof of company outlook. The tax-related disposition (F-code) indicates a cashless settlement to cover withholding on vested RSUs rather than a market-motivated sale.

Form 4

Period: 2026-06-12

Chief Financial Officer

Transactions

Sale
Common Stock, par value $0.0001 per share ("Common Stock")
[F1][F2]
2026-06-12$24.01/sh−46,043$1,105,492→ 1,342,820 total
Sale
Common Stock, par value $0.0001 per share ("Common Stock")
[F2]
2026-06-15$25.75/sh−100,000$2,575,000→ 1,242,820 total
Sale
Common Stock, par value $0.0001 per share ("Common Stock")
[F2]
2026-06-15$25.68/sh−100,000$2,568,000→ 1,142,820 total
Tax Payment
Common Stock, par value $0.0001 per share ("Common Stock")
[F3][F2]
2026-06-15$23.37/sh−10,584$247,348→ 1,132,236 total

Footnotes (3)

[F1]The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $24.00 to $24.10, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
[F2]Includes 420,872 unvested restricted stock units.
[F3]Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.

Signature

/s/ John M. Markovich|2026-06-16

1 file