WEST STEVEN M

D-Wave Director WEST STEVEN M buys 82 shares at $21.89 (first purchase; stock down 48.8% from 52-week high)

Director Steven M West purchased 82 shares of D-Wave at $21.89 on 2025-11-18, his first open-market purchase at this ticker after three prior sales. The transaction occurs as QBTS trades 48.8% below its 52-week high and down 40.2% over the past 30 days, suggesting the stock is near a depressed price level. His prior sales at QBTS (August and May 2025) were mixed in timing: the August sales preceded a +60.5% and +59.5% 90-day rally, meaning he sold before the subsequent price recovery. The company remains deeply unprofitable with $-140.0M net income against only $3.7M quarterly revenue, and annual revenue growth of only 0.8%, indicating fundamental weakness. This initial buy-back by West into a distressed valuation and following prior exit trades merits monitoring for signals about insider confidence, though the timing must be tracked independently once outcome data is available.

D-Wave director Steven M West sells 144,000 shares (55.8% reduction) for $2.6M at $18.08 average on 2025-08-13

Director Steven M West executed two separate sales totaling 144,000 shares for $2,603,540.00, reducing his holdings from 258,018 shares to 114,018 shares—a 55.8% reduction. The sales occurred at a blended average price of $18.08, which is now $1.07 above the current price of $17.01 but still 16.2% below the 52-week high of $20.30. The company's fundamentals remain concerning: D-Wave posted quarterly revenue of $3,095,000.00 with a net loss of $167,329,000.00, and annual revenue growth stands at just +0.8%. The substantial stake reduction by a director during a period of minimal fundamental improvement and against a backdrop of deep unprofitability warrants investor attention regarding insider confidence in near-term prospects.

D-Wave Director WEST STEVEN M sold 311,973 shares at $16.50; -56.9% reduction in holdings post-transaction.

Director West sold approximately 57% of his holdings in a single transaction, reducing his stake from 548,295 shares to 236,322 shares at $16.50 per share. The sale occurred when the stock was trading at -1.3% from its 52-week high of $19.04, near strong recent price momentum (up 163.7% over 30 days and 159.3% over 90 days). D-Wave remains unprofitable with a net loss of $5,421,000 in its most recent full fiscal year, despite generating $15,001,000 in quarterly revenue with only 0.8% year-over-year growth. This substantial reduction in director ownership during elevated valuation levels merits investor attention, particularly given the company's ongoing lack of profitability and modest revenue growth trajectory.