D-Wave (QBTS) EVP Diane Nguyen Withholds Shares for Taxes

What Happened
Diane Nguyen, EVP, Chief Legal Officer and General Counsel of D-Wave Quantum (QBTS), had 4,042 shares of common stock withheld by the issuer on August 17, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were valued at $21.17 each, for a total withholding value of approximately $85,569. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-17 at $21.17 per share.
• Shares withheld/disposed: 4,042 shares; total value ≈ $85,569.
• Transaction code: F (shares withheld to satisfy tax withholding on RSU vesting). Footnote F1 confirms issuer withheld shares to cover taxes.
• Holdings after transaction: filing excerpt does not list total post-transaction owned common shares; footnote F2 notes 178,074 unvested RSUs.
• Filing: Report filed 2026-08-18 (covers 8/17/2026 transaction) — timely filing based on standard Form 4 reporting requirements.

Context
Withholding shares to cover taxes when RSUs vest is a common, administrative action and should not be interpreted as a directional insider sale for personal liquidity or market sentiment. The transaction reduces the number of shares delivered to the insider but does not represent an open-market sale of shares.