Nguyen Diane 4

What Happened

• Diane Nguyen, EVP, Chief Legal Officer & General Counsel of D‑Wave Quantum (QBTS), had 4,066 shares of common stock withheld by the issuer to satisfy tax withholding related to RSU vesting. The transaction is reported as a disposition at $18.66 per share, totaling approximately $75,872. This was a tax-withholding action (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-14; Form 4 filed: 2026-07-15 (Accession: 0001907982-26-000101).
• Shares withheld/disposed: 4,066 shares at $18.66 per share; total value ≈ $75,872.
• Nature of transaction: F — shares withheld by the issuer to satisfy tax withholding on vested RSUs (cashless/tax withholding).
• Holdings note: Filing indicates holdings include 188,349 unvested RSUs (see footnote).
• No indication in the filing that this was a 10b5-1 plan or a late filing.

Context

• Withholding to cover taxes on vested RSUs is common and routine; it reduces the insider’s outstanding share count but is not a market-sale signal of sentiment.
• For retail investors, purchase transactions typically carry more informational weight; tax-withholding dispositions are administrative and shouldn’t be interpreted as the insider selling shares for investment reasons.