144 ·Filed Jun 2, 2026

QBTS

D-Wave Quantum Inc.
NEUTRAL
Impact 2/10
Horizonimmediate Processed4mo ago SEC0001968582-26-000523
Form 144 — notice of proposed sale of securities
Actionable Insight • Neutral

This is a routine, small affiliate sale with no material impact. The filing does not change the fundamental outlook for QBTS. Monitor for any larger insider sales or changes in insider sentiment, but this filing alone warrants no action.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
QBTS ▼ -35.03% at T+60d
NEUTRAL call ✗ call lost -35.03% · α vs SPY -37.53% · entry $27.55 → $17.90
Entry anchored
Jun 2, 05:27 PM ET
via exchange tick
T+1d
+0.33%
call +0.33% · α -0.08%
$27.64
settled 4mo ago
T+5d
-15.61%
call -15.61% · α -11.79%
$23.25
settled 4mo ago
T+20d
-18.22%
call -18.22% · α -17.22%
$22.53
settled 3mo ago
T+60d
-35.03%
call -35.03% · α -37.53%
$17.90
settled 5w ago

Price Chart

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Executive Summary

John M. Markovich, an affiliate of D-Wave Quantum Inc., filed a Form 144 notice of intent to sell 2,908 shares of common stock, with an estimated aggregate market value of $84,855.44 based on a filing date of June 2, 2026. The shares were acquired via a stock option exercise on May 21, 2025, for services rendered. This is a small, routine sale by an affiliate, representing a negligible fraction of the company's $10.7B market cap, and carries minimal signaling value.

Key Facts

  • John M. Markovich (affiliate) filed Form 144 to sell 2,908 shares of D-Wave Quantum Inc. common stock.
  • Estimated aggregate market value of the proposed sale is $84,855.44.
  • Shares were acquired via stock option exercise on May 21, 2025, for services rendered.
  • The sale is to be executed through J.P. Morgan Securities LLC.
  • The proposed sale represents approximately 0.0008% of the company's $10.7B market cap.
  • Recent insider activity (30d) shows 3 sells totaling $10.5M, but this filing is much smaller in scale.

Financial Impact

Proposed sale of 2,908 shares valued at ~$84,855, a de minimis amount relative to the $10.7B market cap.

dilution

Risk Factors

  • No material risk identified from this filing; the sale is small and routine.

Market Snapshot

Exchange
NYSE
Sector
Services-Computer Processing & Data Preparation
Analyst Consensus
86% bullish (22 analysts)

Investment Themes

Quantum Computing

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001968582-26-000523
Document: 0001968582-26-000523-index.html0001968582-26-000523
Document: 0001968582-26-000523.txt0001968582-26-000523
32 reports for QBTS
Performance horizon
64% Hit rate 7 of 11 directional calls best @ T+60▲ +46.88%Feb 28, 2026
Filters
Rows
Reports for QBTS — sortable, filterable
TypeNow
Sep 15, 2026
17d ago
8-K
NEUTRAL ★ 2/10
$16.41 $17.11▲ +4.27%▲ +3.45%$16.34 (−0.40%)
Sep 8, 2026
24d ago
8-K
BULLISH ★ 7/10
$17.67 $16.83▼ −4.75%▼ −4.09%$16.34 (−7.50%)
Aug 25, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$17.51 $16.49▼ −5.83%▼ −5.71%$16.34 (−6.65%)
Aug 18, 2026
6w ago
8-K
BULLISH ★ 5/10
$19.53 $19.35▼ −0.92%▼ −0.72%$16.34 (−16.31%)
Aug 17, 2026
6w ago
8-K
NEUTRAL ★ 2/10
$20.87 $18.68▼ −10.49%▼ −9.30%$16.34 (−21.68%)
Aug 6, 2026
8w ago
8-K
MIXED ★ 5/10
$19.41 $20.90▲ +7.70%▲ +6.49%$16.34 (−15.77%)
Aug 3, 2026
8w ago
8-K
NEUTRAL ★ 3/10
$19.98 $16.21▼ −18.87%▼ −20.90%$16.34 (−18.19%)
Jul 27, 2026
9w ago
8-K
BULLISH ★ 6/10
$19.51 $18.08▼ −7.33%▼ −8.40%$16.34 (−16.22%)
Jul 24, 2026
10w ago
8-K
NEUTRAL ★ 2/10
$16.21 $17.98▲ +10.92%▲ +10.55%$16.34 (+0.83%)
Jul 14, 2026
11w ago
8-K
NEUTRAL ★ 3/10
$18.95 $16.72▼ −11.77%▼ −10.47%$16.34 (−13.75%)
Showing 10 of 32

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