Director Kirstjen Nielsen sold 71,644 shares (37.4% of holdings) for $1,159,373.82 across 2 transactions at D-Wave Quantum.
Director Nielsen executed 2 separate sales totaling 71,644 shares for $1,159,373.82 on June 12-16, 2025, reducing her stake from 191,317 shares to 119,673 shares—a 37.4% reduction in holdings. The sales occurred at prices ($16.21 and $16.04) near the current price of $16.00 and within the 52-week range of $0.80–$19.04, representing -16.0% from the 52-week high but +30.6% over the prior 30 days. The company remains unprofitable with net income of $-5,421,000.00 in the latest quarter and minimal annual revenue growth of +0.8%, yet carries a $4.6B market cap, creating a significant valuation-to-fundamentals tension. A material reduction in director holdings of this magnitude warrants examination of whether operational or strategic headwinds informed the decision, particularly given the company's continued losses and the recent price momentum that may have created a window for the sale.