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sellModerate cluster of 5

John M. Markovich sold $6.9M of QBTS

Chief Financial Officer at D-Wave Quantum Inc.. 400,000 shares at an average of $17.30, traded May 21, 2025, filed May 23, 2025.

Warning score
52
Value
$6.9M
400,000 shares
Holdings after
1,577,944
-20% from before
From 52-week low
+1620%
low $0.89, close $15.36
From 52-week high
-7%
high $16.56, as of May 21, 2025

Score components

  • Role
    CFO
    +22
  • Trade size
    $6.9M at market
    +25
  • Share of holdings sold
    Sold 20% of holdings
    +5
  • Cluster
    5 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -16.8%, 3m -17.3%, 6m +8.6%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

QBTSOct 12, 2026 · close 13.74
Since filing May 23, 2025: -26.9%SPY +36.6% · excess -63.5%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001907982-25-000110, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 21, 2025MOption exercise
Common Stock, par value $0.0001 per share ("Common Stock")
+502,702$0.92$462k1,977,944May 23, 2025
May 21, 2025SOpen-market sale
Common Stock, par value $0.0001 per share ("Common Stock")
-200,000$16.85$3.4M1,777,944May 23, 2025
May 21, 2025SOpen-market sale
Common Stock, par value $0.0001 per share ("Common Stock")
-200,000$17.75$3.5M1,577,944May 23, 2025
May 21, 2025MOption exercise
Stock Option (right to buy)derivative
-502,702$0.92$462k998,684May 23, 2025

Related signals

Other insiders at D-Wave Quantum Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
0Weak
QBTSsell10b5-1
D-Wave Quantum Inc.
John D DiLullo
director
$20k
1,100 shares
-5%
2Weak
QBTSsell10b5-1
D-Wave Quantum Inc.
Sophie C Ames
Exec. Vice President & CHRO
$52k
3,070 shares
-1%
67Notable
QBTSsell 4
D-Wave Quantum Inc.
John M. Markovich
Chief Financial Officer
$6.2M
246,043 shares
-18%
35Weak
QBTSsell 410b5-1
D-Wave Quantum Inc.
Rohit Ghai
director
$357k
13,518 shares
-36%
55Moderate
QBTSsell 4
D-Wave Quantum Inc.
Alan E Baratz
President & CEO
$18M
687,627 shares
-17%
62Notable
QBTSsell 4
D-Wave Quantum Inc.
John M. Markovich
Chief Financial Officer
$1.3M
51,049 shares
-4%
32Weak
QBTSsell 410b5-1
D-Wave Quantum Inc.
John D DiLullo
director
$192k
7,850 shares
-27%
46Moderate
QBTSsell 6
D-Wave Quantum Inc.
John M. Markovich
Chief Financial Officer
$90k
2,908 shares
-0%
52Moderate
QBTSsell 4
D-Wave Quantum Inc.
John M. Markovich
Chief Financial Officer
$9.1M
328,752 shares
-19%
35Weak
QBTSsell 310b5-1
D-Wave Quantum Inc.
Diane Nguyen
EVP, Chief Legal Officer & GC
$1.0M
40,000 shares
-7%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

John M. Markovich sold $6.9M of QBTS | InsiderTell