BARATZ ALAN E sold QBTS

November 11, 2025 · Form 4 insider transaction

BARATZ ALAN E sold 806,288 shares of D-Wave Quantum Inc. at $28.87 per share, a transaction worth $23.28M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Disposed (sell-side)
Shares
806,288
Price
$28.87
Total value
$23.28M
Role
SecurityCommon Stock, par value $0.0001 per share ("Common Stock")
Transaction codeS: Open-market sale
Transaction dateNovember 11, 2025
Filing dateNovember 13, 2025
Shares owned after2,801,265
OwnershipDirect
10b5-1 planYes
AmendedNo

Footnotes

The option exercise and sale of Common Stock reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2025.; The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $28.00 to $30.02, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.; Includes 1,110,087 shares of unvested restricted stock units.

View the original Form 4 on SEC EDGAR