D-Wave Quantum Inc. (QBTS) Insider Trading

Last 12 months

Insiders bought $2k and sold $107M on the open market.

60% of the selling was scheduled in advance under 10b5-1 plans. President & CEO Alan E Baratz sold $18M on Jun 8, 17% of their stake, outside a plan.

Net open-market

−$107M

1 buy · 33 sales

Under a 10b5-1 plan

60%

of the value sold

Insiders who bought / sold

1 / 7

executives and directors

Last open-market buy

Nov 2025

Nov 18, 2025

Get an email when QBTS's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Sep 8	John D Dilullo Director	Sold10b5-1 plan	1,100	$18.00	$20k	5.2%	Form 4
Jul 20	Sophie C Ames Exec. Vice President & CHRO	Sold10b5-1 plan	3,070	$16.95	$52k	0.5%	Form 4
Jun 15	Rohit Ghai Director	Sold10b5-1 plan	13,518	$26.41	$357k	36%	Form 4
Jun 12 – 15	John M. Markovich Chief Financial Officer	SoldNo plan 3 parts	246,043	$25.40 average	$6.25M	18%	Form 4
Jun 8 – 9	John M. Markovich Chief Financial Officer	SoldNo plan 2 parts	51,049	$26.24 average	$1.34M	3.5%	Form 4
Jun 8	Alan E Baratz President & CEO	SoldNo plan	687,627	$26.13	$18M	17%	Form 4
Jun 5	John D Dilullo Director	Sold10b5-1 plan	7,850	$24.43	$192k	27%	Form 4
Jun 2	John M. Markovich Chief Financial Officer	SoldNo plan	2,908	$31.00	$90k	0.2%	Form 4
May 22	John M. Markovich Chief Financial Officer	SoldNo plan	328,752	$27.70	$9.11M	19%	Form 4
May 21	Diane Nguyen EVP, Chief Legal Officer & GC	Sold10b5-1 plan	40,000	$25.01	$1M	7.2%	Form 4
May 20	Sophie C Ames Exec. Vice President & CHRO	Sold10b5-1 plan	23,025	$18.98	$437k	3.7%	Form 4
Apr 20	Sophie C Ames Exec. Vice President & CHRO	Sold10b5-1 plan	3,070	$21.35	$66k	0.5%	Form 4
Mar 16	Rohit Ghai Director	Sold10b5-1 plan	10,000	$17.62	$176k	26%	Form 4
Mar 13	Diane Nguyen EVP, Chief Legal Officer & GC	SoldNo plan	2,532	$17.63	$45k	0.4%	Form 4
Mar 13	John M. Markovich Chief Financial Officer	SoldNo plan	10,706	$17.63	$189k	0.7%	Form 4
Mar 5	John D Dilullo Director	Sold10b5-1 plan	8,000	$18.01	$144k	29%	Form 4
Feb 13	Diane Nguyen EVP, Chief Legal Officer & GC	SoldNo plan	1,451	$19.76	$29k	0.3%	Form 4
Jan 13 – 14	Diane Nguyen EVP, Chief Legal Officer & GC	Sold10b5-1 plan 2 parts	24,519	$28.71 average	$704k	4.3%	Form 4
Jan 14	John M. Markovich Chief Financial Officer	SoldNo plan	9,179	$28.06	$258k	0.6%	Form 4
Jan 14	Alan E Baratz President & CEO	SoldNo plan	35,013	$28.06	$982k	1.3%	Form 4
Dec 22, 2025	Alan E Baratz President & CEO	Sold10b5-1 plan	793,712	$30.13	$23.9M	23%	Form 4
Dec 22, 2025	John M. Markovich Chief Financial Officer	Sold10b5-1 plan	100,000	$30.03	$3M	6.4%	Form 4
Dec 15, 2025	Diane Nguyen EVP, Chief Legal Officer & GC	SoldNo plan	2,733	$23.89	$65k	0.5%	Form 4
Dec 15, 2025	Rohit Ghai Director	Sold10b5-1 plan	10,000	$24.28	$243k	21%	Form 4
Dec 15, 2025	John M. Markovich Chief Financial Officer	SoldNo plan	11,562	$23.89	$276k	0.8%	Form 4
Dec 5, 2025	John D Dilullo Director	Sold10b5-1 plan	8,000	$27.36	$219k	22%	Form 4
Dec 3, 2025 – Dec 4, 2025	John M. Markovich Chief Financial Officer	Sold10b5-1 plan 2 parts	200,000	$26.31 average	$5.26M	12%	Form 4
Dec 3, 2025	Kirstjen Nielsen Director	SoldNo plan	7,000	$22.62	$158k	5.8%	Form 4
Nov 20, 2025	John M. Markovich Chief Financial Officer	Sold10b5-1 plan	200,000	$22.94	$4.59M	12%	Form 4
Nov 18, 2025	Steven M West Director	Bought	82	$21.89	$2k	<0.1%	Form 4
Nov 13, 2025	Diane Nguyen EVP, Chief Legal Officer & GC	Sold10b5-1 plan 2 parts	22,803	$23.60 average	$538k	3.9%	Form 4
Nov 13, 2025	John M. Markovich Chief Financial Officer	SoldNo plan	98,060	$23.17	$2.27M	6.2%	Form 4
Nov 13, 2025	Alan E Baratz President & CEO	SoldNo plan	168,102	$23.17	$3.89M	6.0%	Form 4
Nov 11, 2025	Alan E Baratz President & CEO	Sold10b5-1 plan	806,288	$28.87	$23.3M	22%	Form 4
Oct 14, 2025	Diane Nguyen EVP, Chief Legal Officer & GC	SoldNo plan	20,827	$43.74	$911k	3.4%	Form 4
Oct 14, 2025	John M. Markovich Chief Financial Officer	SoldNo plan	7,994	$43.74	$350k	0.5%	Form 4
Oct 14, 2025	Alan E Baratz President & CEO	SoldNo plan	31,369	$43.74	$1.37M	1.1%	Form 4
Sep 15, 2025	Rohit Ghai Director	Sold10b5-1 plan	10,000	$17.93	$179k	17%	Form 4
Sep 15, 2025	John D Dilullo Director	Sold10b5-1 plan	8,000	$17.93	$143k	18%	Form 4
Sep 10, 2025 – Sep 12, 2025	John M. Markovich Chief Financial Officer	SoldNo plan 3 parts	150,000	$16.70 average	$2.5M	8.6%	Form 4

Sep 810b5-1 plan
John D Dilullo
Director · sold 1,100 at $18.00
$20k
5.2% of stake
Jul 2010b5-1 plan
Sophie C Ames
Exec. Vice President & CHRO · sold 3,070 at $16.95
$52k
0.5% of stake
Jun 1510b5-1 plan
Rohit Ghai
Director · sold 13,518 at $26.41
$357k
36% of stake
Jun 12 – 15No plan
John M. Markovich
Chief Financial Officer · sold 246,043 at avg $25.40
$6.25M
18% of stake
Jun 8 – 9No plan
John M. Markovich
Chief Financial Officer · sold 51,049 at avg $26.24
$1.34M
3.5% of stake
Jun 8No plan
Alan E Baratz
President & CEO · sold 687,627 at $26.13
$18M
17% of stake
Jun 510b5-1 plan
John D Dilullo
Director · sold 7,850 at $24.43
$192k
27% of stake
Jun 2No plan
John M. Markovich
Chief Financial Officer · sold 2,908 at $31.00
$90k
0.2% of stake
May 22No plan
John M. Markovich
Chief Financial Officer · sold 328,752 at $27.70
$9.11M
19% of stake
May 2110b5-1 plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 40,000 at $25.01
$1M
7.2% of stake
May 2010b5-1 plan
Sophie C Ames
Exec. Vice President & CHRO · sold 23,025 at $18.98
$437k
3.7% of stake
Apr 2010b5-1 plan
Sophie C Ames
Exec. Vice President & CHRO · sold 3,070 at $21.35
$66k
0.5% of stake
Mar 1610b5-1 plan
Rohit Ghai
Director · sold 10,000 at $17.62
$176k
26% of stake
Mar 13No plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 2,532 at $17.63
$45k
0.4% of stake
Mar 13No plan
John M. Markovich
Chief Financial Officer · sold 10,706 at $17.63
$189k
0.7% of stake
Mar 510b5-1 plan
John D Dilullo
Director · sold 8,000 at $18.01
$144k
29% of stake
Feb 13No plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 1,451 at $19.76
$29k
0.3% of stake
Jan 13 – 1410b5-1 plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 24,519 at avg $28.71
$704k
4.3% of stake
Jan 14No plan
John M. Markovich
Chief Financial Officer · sold 9,179 at $28.06
$258k
0.6% of stake
Jan 14No plan
Alan E Baratz
President & CEO · sold 35,013 at $28.06
$982k
1.3% of stake
Dec 22, 202510b5-1 plan
Alan E Baratz
President & CEO · sold 793,712 at $30.13
$23.9M
23% of stake
Dec 22, 202510b5-1 plan
John M. Markovich
Chief Financial Officer · sold 100,000 at $30.03
$3M
6.4% of stake
Dec 15, 2025No plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 2,733 at $23.89
$65k
0.5% of stake
Dec 15, 202510b5-1 plan
Rohit Ghai
Director · sold 10,000 at $24.28
$243k
21% of stake
Dec 15, 2025No plan
John M. Markovich
Chief Financial Officer · sold 11,562 at $23.89
$276k
0.8% of stake
Dec 5, 202510b5-1 plan
John D Dilullo
Director · sold 8,000 at $27.36
$219k
22% of stake
Dec 3, 2025 – Dec 4, 202510b5-1 plan
John M. Markovich
Chief Financial Officer · sold 200,000 at avg $26.31
$5.26M
12% of stake
Dec 3, 2025No plan
Kirstjen Nielsen
Director · sold 7,000 at $22.62
$158k
5.8% of stake
Nov 20, 202510b5-1 plan
John M. Markovich
Chief Financial Officer · sold 200,000 at $22.94
$4.59M
12% of stake
Nov 18, 2025
Steven M West
Director · bought 82 at $21.89
$2k
<0.1% of stake
Nov 13, 202510b5-1 plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 22,803 at avg $23.60
$538k
3.9% of stake
Nov 13, 2025No plan
John M. Markovich
Chief Financial Officer · sold 98,060 at $23.17
$2.27M
6.2% of stake
Nov 13, 2025No plan
Alan E Baratz
President & CEO · sold 168,102 at $23.17
$3.89M
6.0% of stake
Nov 11, 202510b5-1 plan
Alan E Baratz
President & CEO · sold 806,288 at $28.87
$23.3M
22% of stake
Oct 14, 2025No plan
Diane Nguyen
EVP, Chief Legal Officer & GC · sold 20,827 at $43.74
$911k
3.4% of stake
Oct 14, 2025No plan
John M. Markovich
Chief Financial Officer · sold 7,994 at $43.74
$350k
0.5% of stake
Oct 14, 2025No plan
Alan E Baratz
President & CEO · sold 31,369 at $43.74
$1.37M
1.1% of stake
Sep 15, 202510b5-1 plan
Rohit Ghai
Director · sold 10,000 at $17.93
$179k
17% of stake
Sep 15, 202510b5-1 plan
John D Dilullo
Director · sold 8,000 at $17.93
$143k
18% of stake
Sep 10, 2025 – Sep 12, 2025No plan
John M. Markovich
Chief Financial Officer · sold 150,000 at avg $16.70
$2.5M
8.6% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch QBTS, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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