D-Wave Quantum Affiliate Files Intent to Sell $65K in Stock
D-Wave Quantum Inc.
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Filing Summary
D-Wave Quantum Affiliate Files Intent to Sell $65K in Stock
Company: D-Wave Quantum Inc. (QBTS) Form: 144 | Filed: 2025-11-13 Significance: Low
Insider: Diane Nguyen Title: null | Relationship: Affiliate
Transaction (Proposed Sale): • Type: Proposed Sale • Shares: 2,803 • Price: ~$23.17 • Value: $64,958 • Owned After: Not Disclosed
Key Insight: This is a notice of a minor proposed sale, continuing a pattern of small dispositions by the affiliate over the past few months. The transaction size is negligible compared to the company's multi-billion dollar market cap.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: D-Wave Quantum Inc. (QBTS)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An affiliate of D-Wave has filed their intent to sell a small lot of shares worth approximately $65k, continuing a recent pattern of minor dispositions.
- Market Impact: The transaction is immaterial and not expected to have any impact on the stock price or trading volume.
Company Information
| Field | Value |
|---|---|
| Company | D-Wave Quantum Inc. |
| Ticker Symbol | QBTS |
| CIK | 0001907982 |
| Industry | Computer Processing & Data Preparation |
Insider Information
| Field | Value |
|---|---|
| Name | Diane Nguyen |
| CIK | 0001974777 |
| Title/Position | null |
| Relationship | Affiliate |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 (Notice of Proposed Sale) |
| Transaction Date | 2025-11-13 (Approximate) |
| Transaction Code | S (Sale) |
| Security Type | Class A Common Stock |
| Shares Involved | 2,803 |
| Price Per Share | ~$23.17 |
| Total Value | $64,957.86 |
| Shares Owned After | Not Disclosed |
| Ownership Type | Not Disclosed |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $64,957.86 |
| % of Market Cap | 0.0007% |
| Shares Transacted | 2,803 |
| % of Shares Outstanding | 0.0008% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The proposed sale of ~$65k is negligible for a company with a market capitalization of $9.24 billion.
- Transaction Significance: The transaction represents a tiny fraction of both the market capitalization (0.0007%) and the total shares outstanding (0.0008%), placing it well below any threshold for market significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The transaction is de minimis and represents a routine filing for a proposed small sale by an affiliate. It provides no new information to the market.
Volume & Sentiment
- Expected Volume Impact: None. The size of the proposed sale is too small to affect trading volume.
- Sentiment Indicator: Neutral. This filing is informational and does not signal any change in insider sentiment.
Additional Context
Transaction Notes
- Filing Type: Form 144 is a notice of intent to sell securities, not a confirmation of a completed sale.
- Recent History: The filing discloses that the same affiliate sold shares in October 2025 (20,827 shares for ~$911k) and August 2025 (69,270 shares for ~$1.26M), indicating this proposed sale is part of an ongoing, orderly disposition plan.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.