D-Wave Quantum's CEO Sold Over 50,000 Company Shares. Here's What That Means for Investors.

D-Wave Quantum CEO Alan Baratz sold 52,320 shares (~$976k) on July 14, 2026, through a non-discretionary sale-to-cover transaction to satisfy tax withholding obligations from RSU vesting. The CEO retains ~3.2 million shares post-transaction, indicating continued alignment with the company. Despite the sale, D-Wave's stock has appreciated 20% over the past year, driven by $100M federal funding, the Quantum Circuits acquisition, and record quarterly bookings of $33.4M. However, the company remains unprofitable with a $54.7M operational loss in Q1.