QBTS D-Wave Quantum Inc.

NYSE
$16.41

D-Wave Quantum Inc. (QBTS) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

30D 90D 6M 1Y
Insider signal In line Selling ran in line with QBTS's own trailing one-year pace, with 58% of sale value under a prearranged plan.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 2 sellers in the last 90 days
Insiders buying
1
1 transaction
Insiders selling
7
44 transactions
Purchases
$1.8K
82 shares
Sales
$110.1M
4,015,862 shares
Net activity
-$110.1M
purchases less sales

How much of that selling was preplanned? 58% planned / 42% discretionary

10b5-1 plan sales $64.3M 21 transactions · 2,285,633 shares
Discretionary sales $45.7M 23 transactions · 1,730,229 shares

Largest single sale: $23.9M.

Where they traded

Buy Sell Dot area is proportional to transaction value.

Last open-market purchase: November 18, 2025 , by WEST STEVEN M .

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
DiLullo John D Director Sell 10b5-1 1,100 $18.00 $19.8K 20,210 −5.2% of holding
AMES SOPHIE C Exec. Vice President & CHRO Sell 10b5-1 3,070 $16.95 $52.0K 589,009 −0.5% of holding
Markovich John M. 2 fills Chief Financial Officer Sell 200,000 $25.71 $5.1M 1,242,820 −13.9% of holding
Ghai Rohit Director Sell 10b5-1 13,518 $26.41 $357.1K 23,617 −36.4% of holding
Markovich John M. Chief Financial Officer Sell 46,043 $24.01 $1.1M 1,342,820 −3.3% of holding
Markovich John M. Chief Financial Officer Sell 70 $26.54 $1.9K 1,388,863 −0% of holding
BARATZ ALAN E President & CEO Sell 687,627 $26.13 $18.0M 3,299,771 −17.2% of holding
Markovich John M. Chief Financial Officer Sell 50,979 $26.24 $1.3M 1,388,933 −3.5% of holding
DiLullo John D Director Sell 10b5-1 7,850 $24.43 $191.8K 21,310 −26.9% of holding
Markovich John M. Chief Financial Officer Sell 2,908 $31.00 $90.1K 1,439,912 −0.2% of holding
Markovich John M. Chief Financial Officer Sell 328,752 $27.70 $9.1M 1,442,820 −18.6% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 10b5-1 40,000 $25.01 $1.0M 517,149 −7.2% of holding
AMES SOPHIE C Exec. Vice President & CHRO Sell 10b5-1 23,025 $18.98 $436.9K 596,803 −3.7% of holding
AMES SOPHIE C Exec. Vice President & CHRO Sell 10b5-1 3,070 $21.35 $65.5K 643,678 −0.5% of holding
Ghai Rohit Director Sell 10b5-1 10,000 $17.62 $176.2K 27,778 −26.5% of holding
Markovich John M. Chief Financial Officer Sell 10,706 $17.63 $188.7K 1,451,427 −0.7% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 2,532 $17.63 $44.6K 563,674 −0.4% of holding
DiLullo John D Director Sell 10b5-1 8,000 $18.01 $144.1K 19,803 −28.8% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 1,451 $19.76 $28.7K 538,138 −0.3% of holding
BARATZ ALAN E President & CEO Sell 35,013 $28.06 $982.5K 2,598,150 −1.3% of holding
Markovich John M. Chief Financial Officer Sell 9,179 $28.06 $257.6K 1,462,133 −0.6% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 4,519 $28.06 $126.8K 539,589 −0.8% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 10b5-1 20,000 $28.86 $577.2K 544,108 −3.5% of holding
BARATZ ALAN E President & CEO Sell 10b5-1 793,712 $30.13 $23.9M 2,633,163 −23.2% of holding
Markovich John M. Chief Financial Officer Sell 10b5-1 100,000 $30.03 $3.0M 1,471,312 −6.4% of holding
Markovich John M. Chief Financial Officer Sell 11,562 $23.89 $276.3K 1,471,312 −0.8% of holding
Ghai Rohit Director Sell 10b5-1 10,000 $24.28 $242.8K 37,778 −20.9% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 2,733 $23.89 $65.3K 563,309 −0.5% of holding
DiLullo John D Director Sell 10b5-1 8,000 $27.36 $218.9K 27,803 −22.3% of holding
Markovich John M. Chief Financial Officer Sell 10b5-1 100,000 $27.56 $2.8M 1,482,874 −6.3% of holding
Markovich John M. Chief Financial Officer Sell 10b5-1 100,000 $25.05 $2.5M 1,482,874 −6.3% of holding
Nielsen Kirstjen Director Sell 7,000 $22.62 $158.3K 112,673 −5.8% of holding
Markovich John M. Chief Financial Officer Sell 10b5-1 200,000 $22.94 $4.6M 1,482,874 −11.9% of holding
WEST STEVEN M Director Buy 82 $21.89 $1.8K 82
BARATZ ALAN E President & CEO Sell 168,102 $23.17 $3.9M 2,633,163 −6% of holding
Markovich John M. Chief Financial Officer Sell 98,060 $23.17 $2.3M 1,482,874 −6.2% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 10b5-1 20,000 $23.66 $473.3K 568,845 −3.4% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 2,803 $23.17 $65.0K 566,042 −0.5% of holding
BARATZ ALAN E President & CEO Sell 10b5-1 806,288 $28.87 $23.3M 2,801,265 −22.3% of holding
BARATZ ALAN E President & CEO Sell 31,369 $43.74 $1.4M 2,801,265 −1.1% of holding
Nguyen Diane EVP, Chief Legal Officer & GC Sell 20,827 $43.74 $911.0K 588,845 −3.4% of holding
Markovich John M. Chief Financial Officer Sell 7,994 $43.74 $349.7K 1,580,934 −0.5% of holding

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.