D-Wave Quantum Inc. has reported a significant transaction involving its President and CEO, Alan Baratz. On October 15, 2026, Baratz sold 52,320 shares of common stock to satisfy tax withholding requirements associated with the vesting of restricted stock units (RSUs). This transaction underscores the company's approach to executive compensation and its commitment to managing tax obligations effectively.
Background
D-Wave Quantum Inc. operates in the computer processing and data preparation sector, classified under SIC 7374. The company trades on the Nasdaq under the ticker symbol QBTS. D-Wave has been at the forefront of quantum computing technology, aiming to revolutionize data processing capabilities. Recent filings indicate a focus on maintaining transparency and compliance in its financial reporting.
What the Filing Says
The SEC filing reveals that Baratz's transaction was categorized as a disposition of shares to cover tax obligations. Specifically, it states, "Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units (RSUs)." Following this transaction, Baratz retains ownership of 3,195,131 shares, which includes 1,004,293 unvested RSUs.
Impact
This transaction may affect executive compensation practices within D-Wave and the broader tech industry. As companies navigate the complexities of equity compensation, the decisions made by executives like Baratz can set precedents for how other firms manage similar situations. The event also highlights the importance of tax planning in the context of stock-based compensation.
What's Next
The filing does not say what happens next.