The filing itself is for a trivial 70-share sale, but the cumulative insider selling pattern by Markovich (nearly 400K shares in ~3 months) warrants monitoring. Given the high market cap and bullish analyst consensus, this may reflect personal liquidity needs rather than fundamental concerns, but continued insider selling could pressure sentiment. Watch for any Form 4 filings or additional 144s from other insiders.
Price Chart
Executive Summary
John M. Markovich, an affiliate of D-Wave Quantum Inc., filed a Form 144 notice of intent to sell 70 shares of common stock through J.P. Morgan Securities LLC. The shares were acquired via a stock option exercise on May 21, 2025, for services rendered. The filing also lists prior sales by Markovich totaling approximately 392,345 shares between March and June 2026, indicating ongoing insider monetization.
Key Facts
- Form 144 filed June 9, 2026, by affiliate John M. Markovich for 70 shares of common stock.
- Shares acquired via stock option exercise on May 21, 2025, for services rendered.
- Prior sales by Markovich: 10,706 shares on March 13, 2026; 328,752 shares on May 22, 2026; 2,908 shares on June 2, 2026; 50,979 shares on June 8, 2026.
- Total prior sales by Markovich in the filing period: approximately 392,345 shares.
- Recent insider activity (30 days): 3 sells totaling $9.4M.
- Market cap: $9.5B; analyst consensus 86% bullish.
Financial Impact
Proposed sale of 70 shares is de minimis, but cumulative insider selling by Markovich totals ~392,345 shares in recent months, representing a material monetization event.
Risk Factors
- Continued insider selling could signal lack of confidence or dilute market perception.
- The filing is an intent to sell, not a completed sale; the actual sale may not occur.
- High valuation ($9.5B market cap) leaves limited upside if fundamentals disappoint.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000577 |
| Document: 0001968582-26-000577-index.html | 0001968582-26-000577 |
| Document: 0001968582-26-000577.txt | 0001968582-26-000577 |
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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