Nguyen Diane 4
4 · D-Wave Quantum Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
D-Wave (QBTS) EVP Diane Nguyen Sells Shares
What Happened
Diane Nguyen, EVP, Chief Legal Officer & General Counsel of D-Wave Quantum Inc. (QBTS), sold 2,532 shares of common stock on 2026-03-13 at a weighted average price of $17.63, generating proceeds of approximately $44,634. The filing indicates this was a sell-to-cover transaction required to satisfy statutory tax withholding related to the vesting of restricted stock units, not a discretionary sale.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filing appears timely)
- Transaction type/code: Sale (S) — sell-to-cover for tax withholding (Footnote F1)
- Shares sold: 2,532; weighted average sale price: $17.63; total proceeds ≈ $44,634
- Price range: $17.60–$17.66 across multiple trades (Footnote F2)
- Shares owned after transaction: Filing does not state total post-sale common shares owned; it notes 223,381 unvested restricted stock units (Footnote F3)
- Footnotes: F1 (mandatory sell-to-cover), F2 (weighted avg price; per-share breakdown available on request), F3 (223,381 unvested RSUs)
Context
This sale was executed solely to cover tax withholding on vested RSUs and is typically considered a routine administrative transaction rather than a signal of insider sentiment. Purchases by insiders tend to be more indicative of positive conviction; this filing documents a routine tax-related disposition.
Insider Transaction Report
- Sale
Common Stock, par value $0.0001 per share ("Common Stock")
[F1][F2][F3]2026-03-13$17.63/sh−2,532$44,634→ 563,674 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 223,381 shares of unvested restricted stock units.