Traders should note the persistent insider selling pattern by an affiliate as a potential negative signal for near-term price momentum. Monitor for actual Form 4 filings to confirm the sale's execution; the filing suggests the insider intends to sell in the coming days.
Price Chart
Executive Summary
John M. Markovich, an affiliate of D-Wave Quantum Inc., filed a Form 144 on June 12, 2026, indicating intent to sell 246,043 shares of common stock with an estimated market value of approximately $5.86 million. This filing adds to an ongoing pattern of insider sales; the same insider has sold over 639,000 shares worth roughly $16.6 million since March 2026, including this proposed sale. The repeated selling after option exercises is a bearish signal for the stock.
Key Facts
- John M. Markovich (affiliate) filed a Form 144 to sell 246,043 shares of QBTS common stock.
- Estimated aggregate market value of proposed sale: $5,860,744.
- Sale to be executed through J.P. Morgan Securities LLC.
- Insider has prior sales in 2026: 10,706 shares on Mar 13, 328,752 on May 22, 2,908 on Jun 2, 50,979 on Jun 8, and 70 shares on Jun 9.
- Cumulative insider sales YTD (including proposed): approximately 639,458 shares worth about $16.6 million.
- Shares proposed for sale were acquired on May 21, 2025 via stock option exercise for services rendered.
Financial Impact
Proposed sale of $5,860,744; cumulative insider sales of approximately $16.6 million since March 2026.
Risk Factors
- The insider may not execute the full proposed sale, reducing the bearish signal.
- Selling could be for personal liquidity or tax planning rather than a negative view on the company.
- Quantum computing hype could overshadow insider selling and drive the stock higher.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000602 |
| Document: 0001968582-26-000602-index.html | 0001968582-26-000602 |
| Document: 0001968582-26-000602.txt | 0001968582-26-000602 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $16.41 $17.11 | ▲ +4.27% | ▲ +3.45% | $16.34 (−0.40%) |
Sep 8, 2026 24d ago | 8-K | $17.67 $16.83 | ▼ −4.75% | ▼ −4.09% | $16.34 (−7.50%) |
Aug 25, 2026 5w ago | 8-K | $17.51 $16.49 | ▼ −5.83% | ▼ −5.71% | $16.34 (−6.65%) |
Aug 18, 2026 6w ago | 8-K | $19.53 $19.35 | ▼ −0.92% | ▼ −0.72% | $16.34 (−16.31%) |
Aug 17, 2026 6w ago | 8-K | $20.87 $18.68 | ▼ −10.49% | ▼ −9.30% | $16.34 (−21.68%) |
Aug 6, 2026 8w ago | 8-K | $19.41 $20.90 | ▲ +7.70% | ▲ +6.49% | $16.34 (−15.77%) |
Aug 3, 2026 8w ago | 8-K | $19.98 $16.21 | ▼ −18.87% | ▼ −20.90% | $16.34 (−18.19%) |
Jul 27, 2026 9w ago | 8-K | $19.51 $18.08 | ▼ −7.33% | ▼ −8.40% | $16.34 (−16.22%) |
Jul 24, 2026 10w ago | 8-K | $16.21 $17.98 | ▲ +10.92% | ▲ +10.55% | $16.34 (+0.83%) |
Jul 14, 2026 11w ago | 8-K | $18.95 $16.72 | ▼ −11.77% | ▼ −10.47% | $16.34 (−13.75%) |
US Market Status
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