8-K ·Filed May 4, 2026

QBTS

D-Wave Quantum Inc.
NEUTRAL
Impact 2/10
Horizonweeks Processed5mo ago SEC0001907982-26-000049
8-K context-dependent: Items 5.02
Actionable Insight • Neutral

No immediate trading action needed. Monitor the June 4, 2026 annual meeting for proxy outcomes that could affect board composition and governance dynamics in light of recent proxy fight materials.

DirectionNeutral
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d
QBTS ▼ -24.74% at T+60d
NEUTRAL call ✗ call lost -24.74% · α vs SPY -27.48% · entry $21.54 → $16.21
Entry anchored
May 4, 04:28 PM ET
via exchange tick
T+1d
0.00%
call 0.00% · α -1.38%
$21.54
settled 5mo ago
T+5d
+11.56%
call +11.56% · α +9.58%
$24.03
settled 5mo ago
T+20d
+38.86%
call +38.86% · α +33.90%
$29.91
settled 4mo ago
T+60d
-24.74%
call -24.74% · α -27.48%
$16.21
settled 2mo ago

Price Chart

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Executive Summary

D-Wave Quantum amended CEO Alan Baratz's employment agreement, raising his base salary to $700,000 and granting RSUs valued at $13.488 million, effective January 1, 2026. This routine compensation adjustment does not signal any leadership change or financial red flag.

Key Facts

  • CEO Alan Baratz's annual base salary increased to $700,000 effective January 1, 2026
  • RSU grant with aggregate value of $13,488,000 under the 2022 Equity Incentive Plan
  • RSUs vest quarterly over four years from January 1, 2026 to December 31, 2029
  • Amendment dated April 30, 2026; filed May 4, 2026

Financial Impact

CEO compensation adjustments: $700,000 salary increase (effective retroactively) and $13,488,000 in equity grants; immaterial relative to $7.5B market cap

Market Snapshot

Exchange
NYSE
Sector
Services-Computer Processing & Data Preparation
Analyst Consensus
90% bullish (21 analysts)

Investment Themes

Quantum Computing

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001907982-26-000049
Exhibit: exhibit101.htm0001907982-26-000049
Document: 0001907982-26-000049-index-headers.html0001907982-26-000049
Document: 0001907982-26-000049-index.html0001907982-26-000049
Document: 0001907982-26-000049.txt0001907982-26-000049
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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