John Markovich - Jan 10, 2024 Form 4 Insider Report for D-Wave Quantum Inc. (QBTS)

Role
Chief Financial Officer
Signature
/s/ John M. Markovich
Stock symbol
QBTS
Transactions as of
Jan 10, 2024
Transactions value $
$0
Form type
4
Date filed
1/16/2024, 05:25 PM
Previous filing
Nov 1, 2023
Next filing
Mar 29, 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 ("Common Stock") Award $0 +60.9K +6.35% $0.00 1.02M Jan 10, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QBTS Stock Option (right to buy) Award $0 +121K $0.00 121K Jan 10, 2024 Common Stock 121K $0.85 Direct F2
holding QBTS Stock Option (right to buy) 1.5M Jan 10, 2024 Common Stock 1.5M $0.92 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 637,500 shares of unvested restricted stock units: (i) 437,500 RSUs granted on October 27, 2022 and vesting as follows: 218,750 on October 27, 2024 and October 27, 2025, and (ii) 200,000 RSUs granted on March 27, 2023 and vesting as follows: 50,000 on March 27, 2024 and the remaining 150,000 will vest quarterly at a rate of 6.25% beginning June 27, 2024.
F2 This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.
F3 The option has vested and is exercisable as of the date hereof as to 875,834 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 20th of each month through August 20, 2025 as to 625,552 shares of Common Stock.