Markovich John M. 4
4 · D-Wave Quantum Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
D-Wave (QBTS) CFO John Markovich Sells 10,706 Shares
What Happened
John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported a sale of 10,706 shares of common stock on 2026-03-13. The weighted average sale price was $17.63, generating proceeds of $188,723. The filing indicates this was a sell-to-cover transaction related to the vesting of restricted stock units (RSUs), not a discretionary open-market sale.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the standard 2-business-day reporting window).
- Transaction type: Sale (S); proceeds: $188,723; weighted average price $17.63. Sales occurred at prices ranging from $17.60 to $17.66.
- Reason: Sell-to-cover to satisfy statutory tax withholding on RSU vesting (footnote F1) — mandated by the issuer's equity plan, not an elective trade by the reporting person.
- Holdings: Filing notes 469,645 unvested restricted stock units remain (footnote F3). The filing does not state a total post-transaction beneficial ownership aggregate beyond the unvested RSUs.
- Footnote on pricing: Weighted average shown; separate per-price breakdown available on request (footnote F2).
Context
Sell-to-cover transactions are routine tax-withholding actions when equity awards vest and generally do not signal an insider's view on the company's near-term prospects. This was not an exercise of options or a discretionary market liquidation; it was a transaction required to meet tax obligations tied to RSU vesting.
Insider Transaction Report
- Sale
Common Stock, par value $0.0001 per share ("Common Stock")
[F1][F2][F3]2026-03-13$17.63/sh−10,706$188,723→ 1,451,427 total
Footnotes (3)
- [F1]Represents the number of shares of Common Stock required to be sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F2]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 $17.60 to $17.66, 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.
- [F3]Includes 469,645 shares of unvested restricted stock units.