QBTS D-Wave Quantum Inc. Insider Trading

CFO John M. Markovich sold 246,043 shares ($6.2M) in 3 transactions; stock now -48.8% from 52-week high but +17.6% in 30 days.

John M. Markovich, CFO of D-Wave Quantum Inc., executed 3 separate sales totaling 246,043 shares for $6,248,492.43 on 2026-06-12 and 2026-06-15, reducing his holdings from 1,378,279 shares to 1,132,236 shares. His prior 5 sales at QBTS were all well-timed at the 90-day mark, with negative 90-day returns ranging from -15.1% to -47.6%. The current stock price of $23.94 is -48.8% from the 52-week high of $46.75, yet +17.6% over the prior 30 days and +45.2% over 90 days, creating a sharp divergence between recent momentum and valuation relative to recent peaks. The company reported $2.9M quarterly revenue with -$18.4M net income and remains unprofitable on a full-year basis despite +178.5% annual revenue growth, presenting a disconnect between growth trajectory and profitability. The timing and scale of this sale in the context of the insider's established pattern at this ticker and recent stock volatility warrant close monitoring of near-term price action and any forward guidance.

CEO Alan Baratz sold 687.6K QBTS shares ($18.0M) at $26.13; stock now -50.2% from 52-week high

Alan E Baratz, President & CEO of D-Wave Quantum Inc., sold 687,627 shares for $17,967,693.51 on 2026-06-08, reducing his non-derivative holdings to 3,299,771 shares (a -17.2% reduction). The sale occurred when the stock was trading significantly below its 52-week high ($46.75), and the current price of $23.26 reflects a -50.2% decline from that peak. Baratz's track record at QBTS shows a consistent pattern: 5 of 5 prior sells at this ticker were well-timed at the 90-day mark, with negative average 90-day returns across those trades ranging from -15.2% to -47.8%. His cross-ticker track record shows a 100.00% well-timed rate on prior sells, though the most recent cross-ticker average 90-day return was -28.9%. The company posted substantial fundamentals headwinds: negative net income of $-18,357,000.00 over its most recent full fiscal year despite annual revenue growth of +178.5%, indicating losses accelerating despite revenue expansion. This sale, occurring during the stock's significant decline phase, follows a pattern of insider transactions that have historically preceded further downside movement.

D-Wave CFO Markovich sells 51,049 shares at $26.24/$26.54 for $1.3M; stock now $23.26, down 50.2% from 52-week high.

John M. Markovich, CFO of D-Wave Quantum Inc. (QBTS), executed 2 separate sales totaling 51,049 shares for $1,339,546.76 across June 8–9, 2026, at an average blended price of $26.24. The stock now trades at $23.26, a 50.2% decline from its 52-week high of $46.75, and is down 3.2% over the past 30 days despite a strong 90-day gain of 30.4%. Markovich's prior 5 sells at this ticker all showed negative 90-day returns (ranging from -15.1% to -47.6%), establishing a pattern of well-timed exits at QBTS; all 5 prior same-ticker sales were well-timed at the 90-day mark. Against this backdrop of consistent early exits before declines and the company's current unprofitability—despite 178.5% annual revenue growth—this disposal of 51,049 shares (reducing his holdings by 3.5% to 1.39M shares) extends his established timing pattern, though the price action post-transaction will determine whether this sale joins his prior pattern of well-timed exits at this ticker.

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.

EVP & Chief Legal Officer Diane Nguyen sold 20,000 QBTS shares at $28.86 on 2026-01-13 under pre-arranged 10b5-1 plan.

Diane Nguyen, EVP and Chief Legal Officer of D-Wave Quantum Inc., sold 20,000 shares ($577,158.00 total value) on 2026-01-13 as part of a pre-arranged 10b5-1 trading plan adopted on 2025-08-14. The sale reduced her holdings from 564,108 shares to 544,108 shares, representing a 3.5% reduction. Because this transaction is scheduled under a 10b5-1 plan rather than discretionary, it reflects pre-committed trading rules and does not signal a change in the executive's conviction or market outlook at the time of execution. Investors should note that the filing contains a filer coding anomaly where one line was excluded due to a conflict between the transaction code and filing flags.

CFO Markovich sells 100,000 QBTS shares at $30.03; $3.0M proceeds under pre-arranged 10b5-1 plan adopted Aug 2025

Markovich sold 100,000 shares at $30.03, reducing his holdings from 1,571,312 shares to 1,471,312 shares. This sale was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-08-21, meaning the transaction was scheduled in advance rather than discretionary. Despite the reduction of 6.4% of pre-transaction holdings, the CFO retained 1,471,312 shares post-transaction, indicating continued substantial ownership. The pre-arranged nature of this transaction removes it from discretionary signaling—it reflects a previously established program, not a current market view.

CEO Alan Baratz sold 793.7K QBTS shares at $30.13 for $23.9M under pre-arranged 10b5-1 plan

President & CEO Alan Baratz executed a substantial sale of 793,712 shares (representing -23.2% reduction in holdings) on 2025-12-22 under a pre-arranged 10b5-1 trading plan adopted on 2025-08-11. The sale reduced his post-transaction position to 2,633,163 shares from 3,426,875 shares. Because this transaction was scheduled through a 10b5-1 plan rather than discretionary, it reflects prearranged execution rather than a response to current market conditions. At $30.13 per share, the transaction generated $23,913,113.88 in proceeds. The magnitude of the sale—nearly a quarter of his prior holdings—represents a material reduction in his concentrated position in the company.

D-Wave CFO Markovich sells 200,000 shares for $5,261,000.00 via scheduled 10b5-1 plan

John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc., executed two separate sales totaling 200,000 shares (200.0K shares) for $5,261,000.00 on 2025-12-03 and 2025-12-04, reducing his holdings from 1,682,874 shares to 1,482,874 shares. This transaction is part of a pre-arranged 10b5-1 trading plan adopted on 2025-08-21, meaning the sales were scheduled rather than discretionary. The CFO retains substantial holdings of 1.48M shares post-transaction, maintaining meaningful financial alignment with the company.

CFO John M. Markovich sold 200,000 shares of QBTS at $22.94 via 10b5-1 plan adopted 2025-08-21

Markovich, CFO of D-Wave Quantum Inc., sold 200,000 shares (200.0K shares) for $4,588,000.00 (total value). This sale is governed by a pre-arranged 10b5-1 trading plan adopted on 2025-08-21, meaning execution is scheduled and mechanical rather than discretionary. Post-transaction, Markovich holds 1,482,874 shares (1.48M shares), down from 1,682,874 shares (1.68M shares) pre-transaction. As a CFO with substantial remaining stake, the scheduled nature of this disposition under a 10b5-1 plan precludes inference about current market timing or conviction; such plans are typically set up during ordinary trading windows to provide insiders with predetermined, compliant exit schedules independent of blackout periods or material information flows.