Nguyen Diane 4

What Happened Diane Nguyen, EVP, Chief Legal Officer & General Counsel of D-Wave Quantum Inc. (QBTS), sold 40,000 shares of D-Wave common stock on May 21, 2026. The weighted-average sale price was $25.01, generating proceeds of approximately $1,000,560. The sale was reported as open-market transactions.

Key Details

• Transaction date: May 21, 2026 (Form 4 filed May 22, 2026 — appears timely).
• Shares sold: 40,000; weighted-average price: $25.01; total proceeds ≈ $1,000,560.
• Price range: sales executed at prices between $25.00 and $25.04; the filing states the weighted average and offers more granular data on request.
• Plan/automation: Sale occurred automatically under a Rule 10b5-1 trading plan adopted August 14, 2025.
• Post-transaction holdings: The filing does not state a full total of shares owned after the sale; it notes the reporting person holds 206,796 unvested restricted stock units (RSUs).
• Transaction code: S (Sale).

Context

• This was a sale conducted under a pre-established 10b5-1 plan, which is commonly used by insiders to schedule routine dispositions and does not by itself indicate the insider’s current view of the company.
• Unvested RSUs listed in the filing are restricted awards that are not yet free-trading; they are disclosed separately from vested/common shares.
• Sales (unlike purchases) are generally treated as routine insider liquidity events; retail investors should consider them alongside other filings and company fundamentals rather than as a standalone signal.