Affiliate John M. Markovich Files Intent to Sell $5.86M in Stock
QBTS sits 84% above its 52-week low of $12.75.
Summary
An affiliate of D-Wave Quantum, John M. Markovich, has filed a Form 144 indicating intent to sell an additional $5.86 million worth of common stock, continuing a pattern of significant insider sales.
Key Events · Ownership and Investor Activity · QBTS
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New Intent to Sell Shares
Affiliate John M. Markovich filed a Form 144 to sell 246,043 shares of common stock, valued at approximately $5.86 million.
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Continuation of Insider Sales
This proposed sale follows approximately $10.7 million in sales by Markovich over the past three months, indicating a sustained pattern of insider distribution.
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Shares Acquired via Options
The shares intended for sale were acquired through a stock option exercise on May 21, 2025.
Analysis · QBTS · Technology
This Form 144 filing by affiliate John M. Markovich signals a continued trend of insider distribution. The proposed sale of $5.86 million follows approximately $10.7 million in sales by Markovich over the past three months, including a previous $9.1 million sale reported in May. This ongoing selling activity by a significant insider could be interpreted negatively by investors, especially given the company's recent financial results and capital raising efforts.
At the time of this filing, QBTS was trading at $23.49 on NYSE in the Technology sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $12.75 to $46.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.