CFO John Markovich sold 328,752 shares of D-Wave (QBTS) at $27.70; all 5 prior sales at QBTS were well-timed.
CFO John M. Markovich sold 328,752 shares of QBTS at $27.70 for $9,107,646.78, reducing his holdings from 1.77M to 1.44M shares (−18.6%). Notably, all 5 of his prior sales at QBTS over the past six months exhibited negative 90-day returns (ranging from −15.2% to −47.6%), establishing a consistent pattern of well-timed exits before subsequent share-price weakness. This sale occurs as the stock trades 41.2% below its 52-week high of $46.75, yet up 46.2% over the past 30 days. The company remains unprofitable with a −$18.4M net loss in the latest quarter, despite revenue growth of 178.5% year-over-year. The repeated pattern of selling ahead of declines at this specific ticker—combined with depressed valuation relative to recent highs and ongoing losses—warrants attention to whether this trade reflects forward-looking concerns about near-term momentum reversal or fundamental sustainability.
EVP/CLO Diane Nguyen sells 40,000 QBTS shares at $25.01; stock now $29.40 (+38.4% in 30 days)
Diane Nguyen, EVP, Chief Legal Officer & GC, sold 40,000 shares at $25.01 on 2026-05-21 under a pre-arranged 10b5-1 trading plan adopted on 2025-08-14. The sale reduced her holdings from 557.1K to 517.1K shares (-7.2%). D-Wave's stock has since appreciated sharply: +38.4% over the past 30 days and +62.8% over 90 days, currently trading at $29.40. Her prior sales at QBTS have delivered mixed outcomes—four of five prior trades showed negative 30-day or 90-day returns (ranging from -29.9% to -46.5% in the 30-day window), though one (2025-11-13) posted a +10.3% 30-day return. The company reported $2.9M revenue (latest quarter) with -$18.4M net income and remains unprofitable on an annual basis despite +178.5% annual revenue growth. The scheduled nature of this sale—driven by a pre-arranged plan rather than a discretionary decision—limits what timing conclusions can be drawn, but the sharp post-sale appreciation and the company's ongoing unprofitability merit monitoring.
Add QBTS to your watchlist and we'll email you when an insider files a Form 4 — with our AI's significance score and a plain-English read of what it means.
