Nguyen Diane 4

What Happened
Diane Nguyen, EVP, Chief Legal Officer & General Counsel of D-Wave Quantum Inc. (QBTS), sold 2,532 shares of common stock on 2026-03-13 at a weighted average price of $17.63, generating proceeds of approximately $44,634. The filing indicates this was a sell-to-cover transaction required to satisfy statutory tax withholding related to the vesting of restricted stock units, not a discretionary sale.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17 (filing appears timely)
• Transaction type/code: Sale (S) — sell-to-cover for tax withholding (Footnote F1)
• Shares sold: 2,532; weighted average sale price: $17.63; total proceeds ≈ $44,634
• Price range: $17.60–$17.66 across multiple trades (Footnote F2)
• Shares owned after transaction: Filing does not state total post-sale common shares owned; it notes 223,381 unvested restricted stock units (Footnote F3)
• Footnotes: F1 (mandatory sell-to-cover), F2 (weighted avg price; per-share breakdown available on request), F3 (223,381 unvested RSUs)

Context
This sale was executed solely to cover tax withholding on vested RSUs and is typically considered a routine administrative transaction rather than a signal of insider sentiment. Purchases by insiders tend to be more indicative of positive conviction; this filing documents a routine tax-related disposition.