Diane Nguyen - Oct 16, 2023 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Signature
/s/ Diane Nguyen
Stock symbol
QBTS
Transactions as of
Oct 16, 2023
Transactions value $
-$22,855
Form type
4
Date filed
10/18/2023, 04:05 PM
Previous filing
May 8, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QBTS Common Stock, par value $0.0001 per share Sale -$22.9K -22.9K -8.24% $1.00 255K Oct 16, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 22,855 Common Stock sold to cover the taxes on the vesting of 93,312 RSUs.
F2 This transaction was executed in multiple trades at prices ranging from $0.99 to $1.018. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4
F3 Includes: (a) 178,672 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, and (ii) 85,360 RSUs granted on March 27, 2023 and vesting as follows: 21,340 on March 27, 2024 and the remaining 54,020 will vest quarterly at a rate of 6.25% beginning July 27, 2024, and (b) 5,514 Common Stock acquired under the Employee Stock Purchase Plan ("ESPP") of D-Wave Quantum Inc. (the "Issuer") for the purchase period of January 1, 2023 to June 30, 2023. In accordance with the ESPP, the 5,514 Common Stock were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on January 1, 2023.