BLACK STANLEY T 4

What Happened

• Stanley T. Black, Executive Vice President & Chief Information Security Officer of D-Wave Quantum (QBTS), had 1,535 shares of common stock withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $23.37 each, totaling $35,873. This was a tax-withholding disposition (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-06-15; Filing date: 2026-06-16 (filed promptly).
• Price per share: $23.37; Shares withheld/disposed: 1,535; Total value: $35,873.
• Shares owned after transaction: not specified in the filing.
• Footnote F1: Shares were withheld by the issuer to satisfy tax withholding on RSU vesting (tax-withholding disposition).
• Footnote F2: Filing notes the insider includes 132,446 unvested RSUs.
• Transaction code: F (payment of exercise price or tax liability) — routine administrative withholding.

Context

• This action is a cashless/withholding settlement tied to RSU vesting, common when companies withhold shares to cover taxes; it does not indicate an open-market sale or necessarily reflect the insider’s view on the stock.
• For retail investors, purchases and open-market sales are generally more informative about insider sentiment; routine tax withholdings like this are common and typically administrative.