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QBTS Insider Trading & Form 4 Activity

D-Wave Quantum Inc.
Last filing: Jun 16, 2026·10 days ago
BEARISH · LAST 90 DAYS
0%
buyers
$0
0 buys
$32.2M
7 sells
-$32.2M
net selling
2
insiders
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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Baratz Alan E
President & CEO
$18.0M
-$18.0M
Markovich John M.
Chief Financial Officer
$14.2M
-$14.2M
Nguyen Diane
EVP, Chief Legal Officer & GC
$1.0M
-$1.0M
Ames Sophie C
Exec. Vice President & CHRO
$437K
-$437K
Ghai Rohit
Insider
$357K
-$357K
Dilullo John D
Insider
$192K
-$192K
Black Stanley T
Exec. Vice President & CISO
$0
Holt Sharon E
Insider
$0

Recent transactions

Every Form 4 transaction for QBTS, newest first.

SELL
Markovich John M. · Chief Financial Officer
Tx Jun 15·Filed Jun 16·EDGAR ↗
100,000 sh @ $25.75
$2.6M
TAX
Nguyen Diane · EVP, Chief Legal Officer & GC
Tx Jun 15·Filed Jun 16·EDGAR ↗
3,191 sh @ $23.37
$75K
TAX
Black Stanley T · Exec. Vice President & CISO
Tx Jun 15·Filed Jun 16·EDGAR ↗
1,535 sh @ $23.37
$36K
TAX
Ames Sophie C · Exec. Vice President & CHRO
Tx Jun 15·Filed Jun 16·EDGAR ↗
1,544 sh @ $23.37
$36K
SELL10b5-1
Ghai Rohit · Insider
Tx Jun 15·Filed Jun 16·EDGAR ↗
13,518 sh @ $26.41
$357K
TAX
Markovich John M. · Chief Financial Officer
Tx Jun 15·Filed Jun 16·EDGAR ↗
10,584 sh @ $23.37
$247K
SELL
Markovich John M. · Chief Financial Officer
Tx Jun 12·Filed Jun 16·EDGAR ↗
46,043 sh @ $24.01
$1.1M
SELL
Markovich John M. · Chief Financial Officer
Tx Jun 9·Filed Jun 10·EDGAR ↗
70 sh @ $26.54
$2K
SELL
Baratz Alan E · President & CEO
Tx Jun 8·Filed Jun 10·EDGAR ↗
687,627 sh @ $26.13
$18.0M
SELL
Markovich John M. · Chief Financial Officer
Tx Jun 8·Filed Jun 10·EDGAR ↗
50,979 sh @ $26.24
$1.3M
EXERCISE
Baratz Alan E · President & CEO
Tx Jun 8·Filed Jun 10·EDGAR ↗
474,395 sh @ $0.91
$432K
EXERCISE
Baratz Alan E · President & CEO
Tx Jun 8·Filed Jun 10·EDGAR ↗
213,232 sh @ $0.85
$180K
SELL10b5-1
Dilullo John D · Insider
Tx Jun 5·Filed Jun 8·EDGAR ↗
7,850 sh @ $24.43
$192K
AWARD
Biscay Roger · Insider
Tx Jun 4·Filed Jun 8·EDGAR ↗
9,357 sh
AWARD
Holt Sharon E · Insider
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,357 sh
AWARD
Nielsen Kirstjen · Insider
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,357 sh
AWARD
Ghai Rohit · Insider
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,357 sh
AWARD
Dilullo John D · Insider
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,357 sh
AWARD
West Steven M · Insider
Tx Jun 4·Filed Jun 5·EDGAR ↗
9,357 sh
SELL
Markovich John M. · Chief Financial Officer
Tx Jun 2·Filed Jun 4·EDGAR ↗
2,908 sh @ $31.00
$90K
SELL
Markovich John M. · Chief Financial Officer
Tx May 22·Filed May 27·EDGAR ↗
328,752 sh @ $27.70
$9.1M
EXERCISE
Markovich John M. · Chief Financial Officer
Tx May 22·Filed May 27·EDGAR ↗
120,826 sh @ $0.85
$102K
EXERCISE
Markovich John M. · Chief Financial Officer
Tx May 22·Filed May 27·EDGAR ↗
207,926 sh @ $0.92
$191K
SELL10b5-1
Nguyen Diane · EVP, Chief Legal Officer & GC
Tx May 21·Filed May 22·EDGAR ↗
40,000 sh @ $25.01
$1.0M
SELL10b5-1
Ames Sophie C · Exec. Vice President & CHRO
Tx May 20·Filed May 21·EDGAR ↗
23,025 sh @ $18.98
$437K
TAX
Nguyen Diane · EVP, Chief Legal Officer & GC
Tx May 13·Filed May 14·EDGAR ↗
2,459 sh @ $22.35
$55K
TAX
Baratz Alan E · President & CEO
Tx May 13·Filed May 14·EDGAR ↗
18,542 sh @ $22.35
$414K
TAX
Ames Sophie C · Exec. Vice President & CHRO
Tx May 13·Filed May 14·EDGAR ↗
23,850 sh @ $22.35
$533K

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About QBTS insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for QBTS from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying QBTS always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on D-Wave Quantum Inc. (QBTS) when they form.

Where does QBTS insider trading data come from?

Every Form 4 filing for QBTS is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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