BARATZ ALAN E sold QBTS

December 22, 2025 · Form 4 insider transaction

BARATZ ALAN E sold 793,712 shares of D-Wave Quantum Inc. at $30.13 per share, a transaction worth $23.91M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.

Direction
Disposed (sell-side)
Shares
793,712
Price
$30.13
Total value
$23.91M
Role
SecurityCommon Stock, par value $0.0001 per share ("Common Stock")
Transaction codeS: Open-market sale
Transaction dateDecember 22, 2025
Filing dateDecember 23, 2025
Shares owned after2,633,163
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 $30.00 to $30.55, 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 735,087 shares of unvested restricted stock units.

View the original Form 4 on SEC EDGAR