CEO Alan Baratz Files to Sell $17.9M in Shares Acquired via Option Exercise
QBTS has more than doubled off its 52-week low of $12.75.
Summary
D-Wave Quantum's CEO, Alan Baratz, has filed a Form 144 to sell 687,627 shares, valued at approximately $17.9 million, which were acquired through stock option exercises.
Key Events · Ownership and Investor Activity · QBTS
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CEO Files Intent to Sell Shares
Alan Baratz, CEO of D-Wave Quantum Inc., has filed a Form 144 to sell 687,627 shares of common stock.
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Significant Transaction Value
The proposed sale is valued at approximately $17.9 million, representing about 0.19% of the company's market capitalization.
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Shares Acquired via Option Exercise
The shares intended for sale were acquired through the exercise of stock options as compensation for services rendered.
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Adds to Insider Distribution Pattern
This filing contributes to a net insider selling trend of over $10 million in open-market transactions over the past 90 days.
Analysis · QBTS · Technology
D-Wave Quantum's CEO, Alan Baratz, has filed a Form 144 indicating his intent to sell approximately $17.9 million worth of common stock. While these shares were acquired through the exercise of stock options, a significant sale by the CEO can be viewed negatively by investors, especially following the company's recent Q1 2026 report of sharp revenue decline and increased losses. This filing adds to a pattern of insider distribution observed over the last 90 days, despite the recent positive news of $100 million in CHIPS Act funding.
At the time of this filing, QBTS was trading at $25.78 on NYSE in the Technology sector, with a market capitalization of approximately $9.6B. 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.