Alan E Baratz sold $23M of QBTS
President & CEO at D-Wave Quantum Inc.. 806,288 shares at an average of $28.87, traded Nov 11, 2025, filed Nov 13, 2025.
Score components
- +25RoleCEO
- +25Trade size$23.3M at market
- +5Share of holdings soldSold 22% of holdings
- +15Cluster3 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
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 +11.6%, 3m -19.5%, 6m -5.4%.
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.
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 0001098231-25-000004, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Nov 11, 2025 | MOption exercise Common Stock, par value $0.0001 per share ("Common Stock")10b5-1 | +806,288 | $0.91 | $734k | 3,607,553 | Nov 13, 2025 |
| Nov 11, 2025 | SOpen-market sale Common Stock, par value $0.0001 per share ("Common Stock")10b5-1 | -806,288 | $28.87 | $23M | 2,801,265 | Nov 13, 2025 |
| Nov 11, 2025 | MOption exercise Stock Option (right to buy)derivative10b5-1 | -806,288 | $0.91 | $734k | 1,268,107 | Nov 13, 2025 |
Related signals
Other insiders at D-Wave Quantum Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 0Weak | D-Wave Quantum Inc. | John D DiLullo director | $20k 1,100 shares | -5% | |
| 2Weak | D-Wave Quantum Inc. | Sophie C Ames Exec. Vice President & CHRO | $52k 3,070 shares | -1% | |
| 67Notable | D-Wave Quantum Inc. | John M. Markovich Chief Financial Officer | $6.2M 246,043 shares | -18% | |
| 35Weak | D-Wave Quantum Inc. | Rohit Ghai director | $357k 13,518 shares | -36% | |
| 55Moderate | D-Wave Quantum Inc. | Alan E Baratz President & CEO | $18M 687,627 shares | -17% | |
| 62Notable | D-Wave Quantum Inc. | John M. Markovich Chief Financial Officer | $1.3M 51,049 shares | -4% | |
| 32Weak | D-Wave Quantum Inc. | John D DiLullo director | $192k 7,850 shares | -27% | |
| 46Moderate | D-Wave Quantum Inc. | John M. Markovich Chief Financial Officer | $90k 2,908 shares | -0% | |
| 52Moderate | D-Wave Quantum Inc. | John M. Markovich Chief Financial Officer | $9.1M 328,752 shares | -19% | |
| 35Weak | 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.