Affiliate John Markovich Files Intent to Sell $9.1M in Shares Acquired via Option Exercise
QBTS has more than doubled off its 52-week low of $12.75 on elevated volume (4.6× avg).
Summary
An affiliate of D-Wave Quantum Inc. has filed a Form 144 to sell 328,752 shares, valued at approximately $9.1 million, which were acquired through a stock option exercise.
Key Events · Ownership and Investor Activity · QBTS
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Intent to Sell Shares
John Markovich, an affiliate of D-Wave Quantum Inc., has filed a Form 144 indicating an intent to sell 328,752 shares of Class A Common Stock.
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Significant Value of Proposed Sale
The proposed sale has an approximate market value of $9,107,654.00, representing a substantial liquidity event for the individual.
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Shares Acquired via Option Exercise
The shares intended for sale were acquired on the same day (May 22, 2026) through a stock option exercise, indicating a potential 'sell-to-cover' or immediate liquidation strategy.
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Recent Insider Sales
This filing follows previous sales by the same individual, who sold 10,706 shares for $188,724.00 in the past three months.
Analysis · QBTS · Technology
An affiliate of D-Wave Quantum Inc., John Markovich, has filed a Form 144 indicating intent to sell over $9.1 million worth of shares. While the shares were acquired through an option exercise, the significant dollar value of the proposed sale, especially following recent mixed financial results (Q1 revenue decline, increased losses) and a major CHIPS Act funding announcement, makes this a notable liquidity event for an insider. This adds to a pattern of insider distribution observed over the last 90 days.
At the time of this filing, QBTS was trading at $29.61 on NYSE in the Technology sector, with a market capitalization of approximately $10.9B. 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.