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8-K ·Filed Sep 21, 2026

QBTS

D-Wave Quantum Inc.
NEUTRAL
Impact 2/10
Horizonimmediate Processed1mo ago SEC0001907982-26-000152
8-K context-dependent: Items 5.02
Actionable Insight • Neutral

Routine board appointment with no financial or strategic catalyst. Monitor for any future cybersecurity or enterprise-governance initiatives that may benefit from Gavgani's background, but no near-term trading signal.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
QBTS ▼ -33.16% at T+20d
NEUTRAL call -33.16% · α vs SPY -32.26% · entry $17.70 → $11.83
Next anchor: T+60d in 7w
Latest observation: T+24 -17.34% FF3 residual α
Entry = T+0 close
Sep 21, 2026
via day close
T+1d
-0.79%
call -0.79% · α -0.78%
$17.56
settled 5w ago
T+5d
-5.20%
call -5.20% · α -4.18%
$16.78
settled 29d ago
T+20d
-33.16%
call -33.16% · α -32.26%
$11.83
settled 8d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

D-Wave Quantum Inc. appointed Bernard Gavgani, former Group CIO of BNP Paribas, as an independent Class II director and member of the Cybersecurity Committee, effective September 18, 2026. This is a routine board addition with no financial terms disclosed — no departure, compensation change, or material financial impact.

Key Facts

  • Bernard Gavgani appointed as independent Class II director effective September 18, 2026
  • Gavgani will serve on the Cybersecurity Committee
  • Compensated on the same basis as other non-employee directors per the 2026 Proxy Statement
  • Gavgani served as Group CIO of BNP Paribas from October 2018 to June 2025
  • No reportable transactions under Item 404(a) of Regulation SK
  • No family relationships with any directors or executive officers

Financial Impact

No financial impact — director compensation is standard and not disclosed in this filing

Risk Factors

  • No material risks identified from this filing

Investment Themes

Documents Analyzed

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

DocumentAccession Number
8-K Filing (Primary)0001907982-26-000152
Exhibit: exhibit991gavganipressrele.htm0001907982-26-000152
Document: 0001907982-26-000152-index-headers.html0001907982-26-000152
Document: 0001907982-26-000152-index.html0001907982-26-000152
Document: 0001907982-26-000152.txt0001907982-26-000152
34 reports for QBTS
Performance horizon
56% Hit rate @ T+60 5 of 9 directional calls Went positive at some point 7 of 11 best @ T+60▲ +46.88%Feb 28, 2026
Filters
Rows
Reports for QBTS — sortable, filterable
TypeNow
Oct 1, 2026
26d ago
8-K
NEUTRAL ★ 3/10
$16.56awaiting T+60—$11.97 (−27.72%)
Sep 21, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$17.70awaiting T+60—$11.97 (−32.37%)
Sep 15, 2026
6w ago
8-K
NEUTRAL ★ 2/10
$16.41awaiting T+60—$11.97 (−27.06%)
Sep 8, 2026
7w ago
8-K
BULLISH ★ 7/10
$17.67awaiting T+60—$11.97 (−32.26%)
Aug 25, 2026
8w ago
8-K
NEUTRAL ★ 3/10
$17.51awaiting T+60—$11.97 (−31.64%)
Aug 18, 2026
10w ago
8-K
BULLISH ★ 5/10
$19.53awaiting T+60—$11.97 (−38.71%)
Aug 17, 2026
10w ago
8-K
NEUTRAL ★ 2/10
$20.87awaiting T+60—$11.97 (−42.64%)
Aug 6, 2026
11w ago
8-K
MIXED ★ 5/10
$19.41awaiting T+60—$11.97 (−38.31%)
Aug 3, 2026
12w ago
8-K
NEUTRAL ★ 3/10
$19.98awaiting T+60—$11.97 (−40.09%)
Jul 27, 2026
13w ago
8-K
BULLISH ★ 6/10
$19.51 $11.78▼ −39.62%▼ −43.67%$11.97 (−38.65%)
Showing 10 of 34

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Report published Sep 21, 2026