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sellModerate cluster of 4

Alan E Baratz sold $18M of QBTS

President & CEO at D-Wave Quantum Inc.. 687,627 shares at an average of $26.13, traded Jun 8, 2026, filed Jun 10, 2026.

Warning score
55
Value
$18M
687,627 shares
Holdings after
3,299,771
-17% from before
From 52-week low
+99%
low $12.98, close $25.83
From 52-week high
-42%
high $44.78, as of Jun 8, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $18.0M at market
    +25
  • Share of holdings sold
    Sold 17% of holdings
    +5
  • Cluster
    4 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.

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 Jun 10, 2026: -40.9%SPY +7.8% · excess -48.7%

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 0001907982-26-000088, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jun 8, 2026MOption exercise
Common Stock, par value $0.0001 per share ("Common Stock")
+474,395$0.91$432k3,774,166Jun 10, 2026
Jun 8, 2026MOption exercise
Common Stock, par value $0.0001 per share ("Common Stock")
+213,232$0.85$180k3,987,398Jun 10, 2026
Jun 8, 2026SOpen-market sale
Common Stock, par value $0.0001 per share ("Common Stock")
-687,627$26.13$18M3,299,771Jun 10, 2026
Jun 8, 2026MOption exercise
Stock Option (right to buy)derivative
-474,395$0.91$432k0Jun 10, 2026
Jun 8, 2026MOption exercise
Stock Option (right to buy)derivative
-213,232$0.85$180k0Jun 10, 2026

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%
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%
27Weak
QBTSsell 310b5-1
D-Wave Quantum Inc.
Sophie C Ames
Exec. Vice President & CHRO
$437k
23,025 shares
-4%

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.

Alan E Baratz sold $18M of QBTS | InsiderTell