QBTS D-Wave Quantum Inc.
Price Chart
Executive Summary
D-Wave CFO John Markovich sold ~$1.34M worth of stock and a director sold another $192K, totaling $1.53M in open-market selling within a week. The cluster is 99.9% by dollar value driven by the CFO's sale, and recent grant/award transactions to directors have no cash economic impact. At a $8.6B market cap, the sales represent only ~0.02% of market cap — a trivial amount, not a material signal. The net direction is selling, but the absolute magnitude relative to company size is noise.
Key Financial Metrics
Actionable Insight
The CFO's sale is routine pattern compliance (May 2026 equity grant vesting quarter-end). The $0.02% of market cap sold means zero market-impact signal. Ignore this cluster — treat it as rescheduled liquidity sale after last week's pre-offering blackout window lifted. Monitor next quarterly filing for progress on quantum computing revenue ramp; insider grants (non-cash) suggest board is aligning long-term incentives, not signaling distress.
Key Facts
- CFO Markovich sold 51,049 shares for ~$1.34M across two days (June 8 and June 9)
- Director DiLullo sold 7,850 shares for ~$192K on June 5
- All 5 non-executive directors received 9,357 shares each as grants on June 4 — $0 cash value
- Total open-market selling = ~$1.53M, representing just 0.018% of $8.6B market cap
- Cluster is 2 insiders selling; 5 grants are non-cash and carry no economic signal
- Historical performance on QBTS reports shows very high win rate (100% at T+20) and positive average alpha, but prior neutral calls also showed positive drift — this is a volatile stock where any small cluster may be inflated by noise
Financial Impact
Total insider selling of $1.53M is trivial relative to $8.6B market cap (~0.02%). No material financial impact.
Risk Factors
- CFO selling near high share price ($26+) could be read negatively by retail unaware of proportionality — potential short-term noise
- Stock is highly volatile (recent T+5 moves of -18% and +14% on similar neutral reads) — any insider activity may get exaggerated
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-QBTS-1781122098670 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
today
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144
| $23.46 awaiting T+1 | awaiting T+1 | — | $23.37 (+0.38%) |
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Jun 11, 2026
2d ago
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Institutional Cluster
| $22.55 awaiting T+1 | awaiting T+1 | — | $23.37 (+3.64%) |
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Jun 10, 2026
2d ago
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Insider Cluster
| $22.90 awaiting T+1 | awaiting T+1 | — | $23.37 (+2.05%) |
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Jun 9, 2026
3d ago
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144
| $23.40 awaiting T+1 | awaiting T+1 | — | $23.37 (+0.13%) |
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Jun 8, 2026
4d ago
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144
| $25.84 awaiting T+1 | awaiting T+1 | — | $23.37 (−9.56%) |
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Jun 8, 2026
4d ago
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144
| $25.78 awaiting T+1 | awaiting T+1 | — | $23.37 (+9.35%) |
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Jun 5, 2026
7d ago
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144
| $23.56 awaiting T+1 | awaiting T+1 | — | $23.37 (−0.81%) |
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Jun 2, 2026
10d ago
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144
| $27.55 $27.64 | ▲ +0.33% | ▼ −0.08% | $23.37 (−15.17%) |
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Jun 1, 2026
11d ago
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8-K
| $29.18 $29.91 | ▲ +2.50% | ▲ +2.36% | $23.37 (−19.91%) |
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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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