QBTS D-Wave Quantum Inc.
Price Chart
Executive Summary
CEO Alan Baratz filed a Form 144 to sell 687,627 shares of D-Wave Quantum Inc. (QBTS), valued at approximately $18.0 million based on the filing date. This represents a significant insider sale, signaling intent to monetize a large equity position following a stock option exercise.
Actionable Insight
The CEO's intent to sell a substantial stake (~$18M) after a stock option exercise is a bearish signal, especially given recent insider selling. Monitor for actual execution on Form 4 and any subsequent price weakness. The sale may be part of a pre-arranged 10b5-1 plan, but the size and timing warrant caution.
Key Facts
- CEO Alan Baratz filed Form 144 to sell 687,627 shares of QBTS.
- Estimated sale value is approximately $18.0 million based on filing date.
- Shares were acquired via a stock option exercise on June 8, 2026.
- Sale is planned for execution on or after June 9, 2026, through J.P. Morgan Securities LLC.
- Recent insider activity (30 days) includes 3 other sales totaling $10.2 million.
- Company market cap is $8.7 billion; the proposed sale represents ~0.2% of market cap.
Financial Impact
CEO intends to sell ~$18.0 million in QBTS stock, representing a large insider monetization event.
Risk Factors
- CEO selling a large block could signal lack of confidence or peak valuation concerns.
- Potential overhang from the planned sale may pressure the stock near-term.
- If the sale is not part of a 10b5-1 plan, it could be viewed as opportunistic.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001974494-26-000226 |
| Document: 0001974494-26-000226-index.html | 0001974494-26-000226 |
| Document: 0001974494-26-000226.txt | 0001974494-26-000226 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
144
| $23.46 awaiting T+1 | awaiting T+1 | — | $23.37 (+0.38%) |
|
Jun 11, 2026
2d ago
|
Institutional Cluster
| $22.55 awaiting T+1 | awaiting T+1 | — | $23.37 (+3.64%) |
|
Jun 10, 2026
2d ago
|
Insider Cluster
| $22.90 awaiting T+1 | awaiting T+1 | — | $23.37 (+2.05%) |
|
Jun 9, 2026
3d ago
|
144
| $23.40 awaiting T+1 | awaiting T+1 | — | $23.37 (+0.13%) |
|
Jun 8, 2026
4d ago
|
144
| $25.84 awaiting T+1 | awaiting T+1 | — | $23.37 (−9.56%) |
|
Jun 8, 2026
4d ago
|
144
| $25.78 awaiting T+1 | awaiting T+1 | — | $23.37 (+9.35%) |
|
Jun 5, 2026
7d ago
|
144
| $23.56 awaiting T+1 | awaiting T+1 | — | $23.37 (−0.81%) |
|
Jun 2, 2026
10d ago
|
144
| $27.55 $27.64 | ▲ +0.33% | ▼ −0.08% | $23.37 (−15.17%) |
|
Jun 1, 2026
11d ago
|
8-K
| $29.18 $29.91 | ▲ +2.50% | ▲ +2.36% | $23.37 (−19.91%) |
|
May 27, 2026
16d ago
|
Insider Cluster
| $29.49 $30.14 | ▲ +2.20% | ▲ +1.96% | $23.37 (−20.75%) |
US Market Status
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