D-Wave Quantum Executive Liquidates $2.5 Million in Stock Amid Rally

Shares of quantum computing firm D-Wave Quantum Inc. continued their remarkable ascent, closing Friday’s session with a 7.7% gain at $17.79. Trading activity surged to nearly 59.5 million shares, significantly above average volumes. This impressive performance provided an opportunity for Chief Financial Officer John Markovich to execute a substantial sale of his equity holdings.

Corporate filings reveal that between September 10th and 12th, Markovich disposed of 150,000 shares at prices ranging from $16.30 to $17.50 per share, generating approximately $2.5 million in proceeds. Concurrently, he exercised options to acquire an equivalent number of shares at just $0.92 per share?a common practice among executives managing their compensation packages.

Following these transactions, Markovich retains direct ownership of 1,599,511 shares alongside 812,837 unvested restricted stock units. The sales occurred as the... Read more...