The insider sales are too small to warrant a directional trade. Monitor for any upcoming corporate announcements (earnings, product news) that might have prompted the CFO to sell, but the size suggests routine portfolio rebalancing. No immediate action needed.
Price Chart
Executive Summary
CFO John Markovich and Director Rohit Ghai sold a combined $2.93M in open-market shares on June 15, 2026, representing just 0.03% of D-Wave's $9.6B market cap. The sales are trivial relative to company size and likely reflect routine portfolio diversification rather than a bearish signal. Tax-withholding transactions by other executives are non-cash and carry no informational value.
Key Financial Metrics
Key Facts
- CFO John Markovich sold 100,000 shares at $25.75 on June 15, 2026, for $2.575M
- Director Rohit Ghai sold 13,518 shares at $26.41 on June 15, 2026, for $357K
- Total open-market sales in the cluster: $2.93M (0.03% of $9.6B market cap)
- Four other insiders had tax-withholding transactions (non-cash, no economic signal)
- Recent 30-day insider activity: 6 sells totaling $5.6M, consistent with routine pattern
Financial Impact
Negligible — $2.93M in insider sales is 0.03% of market cap, well below the 0.1% materiality threshold
Risk Factors
- Insider sales could accelerate if the stock continues to rally, but current scale is immaterial
- Market may misinterpret cluster as bearish, creating a short-term noise dip
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-QBTS-1781645725249 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $16.41 $17.11 | ▲ +4.27% | ▲ +3.45% | $16.36 (−0.27%) |
Sep 8, 2026 24d ago | 8-K | $17.67 $16.83 | ▼ −4.75% | ▼ −4.09% | $16.36 (−7.39%) |
Aug 25, 2026 5w ago | 8-K | $17.51 $16.49 | ▼ −5.83% | ▼ −5.71% | $16.36 (−6.54%) |
Aug 18, 2026 6w ago | 8-K | $19.53 $19.35 | ▼ −0.92% | ▼ −0.72% | $16.36 (−16.21%) |
Aug 17, 2026 6w ago | 8-K | $20.87 $18.68 | ▼ −10.49% | ▼ −9.30% | $16.36 (−21.59%) |
Aug 6, 2026 8w ago | 8-K | $19.41 $20.90 | ▲ +7.70% | ▲ +6.49% | $16.36 (−15.67%) |
Aug 3, 2026 8w ago | 8-K | $19.98 $16.21 | ▼ −18.87% | ▼ −20.90% | $16.36 (−18.09%) |
Jul 27, 2026 9w ago | 8-K | $19.51 $18.08 | ▼ −7.33% | ▼ −8.40% | $16.36 (−16.12%) |
Jul 24, 2026 10w ago | 8-K | $16.21 $17.98 | ▲ +10.92% | ▲ +10.55% | $16.36 (+0.96%) |
Jul 14, 2026 11w ago | 8-K | $18.95 $16.72 | ▼ −11.77% | ▼ −10.47% | $16.36 (−13.64%) |
US Market Status
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