D-Wave Quantum Inc. - Equity Warrant
US ˙ NYSE

Introduction

This page provides a comprehensive analysis of the known insider trading history of Diane Nguyen. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

Companies with Reported Insider Positions

The SEC filings indicate Diane Nguyen has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:QBTS / D-Wave Quantum Inc. EVP, Chief Legal Officer & GC 612,173
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Diane Nguyen. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases QBTS.WS / D-Wave Quantum Inc. - Equity Warrant - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in QBTS.WS / D-Wave Quantum Inc. - Equity Warrant. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Max
Price at
Max
Max
Profit ($)
Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

QBTS.WS / D-Wave Quantum Inc. - Equity Warrant Insider Trades
Insider Sales QBTS.WS / D-Wave Quantum Inc. - Equity Warrant - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in QBTS.WS / D-Wave Quantum Inc. - Equity Warrant. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares
Reported
Price
Adjusted
Shares
Adjusted
Price
Cost Basis Days to
Min
Price at
Min
Max Loss
Avoided ($)
Max Loss
Avoided (%)
2025-08-13 QBTS Nguyen Diane 25,634 18.1130 25,634 18.1130 464,309 8 14.8100 -84,668 -18.24
2025-08-13 QBTS Nguyen Diane 39,010 18.1810 39,010 18.1810 709,241
2025-08-13 QBTS Nguyen Diane 4,626 18.5400 4,626 18.5400 85,766
2025-05-23 QBTS Nguyen Diane 2,596 18.9820 2,596 18.9820 49,277
2025-05-23 QBTS Nguyen Diane 83,166 18.7670 83,166 18.7670 1,560,776
2025-01-23 QBTS Nguyen Diane 2,383 5.2700 2,383 5.2700 12,558
2023-10-16 QBTS Nguyen Diane 22,855 1.0000 22,855 1.0000 22,855

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

QBTS.WS / D-Wave Quantum Inc. - Equity Warrant Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Diane Nguyen as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change
Share
Price
Tran
Value
Remaining
Value
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -4,626 612,173 -0.75 18.54 -85,766 11,349,687
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 40,831 616,799 7.09 2.10 85,745 1,295,278
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -39,010 575,968 -6.34 18.18 -709,241 10,471,674
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 2,224 614,978 0.36 0.92 2,046 565,780
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 9,118 612,754 1.51 0.91 8,297 557,606
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 27,668 603,636 4.80 0.91 25,178 549,309
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -25,634 575,968 -4.26 18.11 -464,309 10,432,508
2025-08-14 2025-08-13 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,459 601,602 -0.41 18.51 -45,516 11,135,653
2025-08-04 2025-07-31 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 16,098 604,061 2.74
2025-07-22 2025-07-21 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -4,066 587,963 -0.69 18.89 -76,807 11,106,621
2025-06-23 2025-06-20 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,501 592,029 -0.42 15.71 -39,291 9,300,776
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -83,166 590,323 -12.35 18.77 -1,560,776 11,078,592
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -2,596 673,489 -0.38 18.98 -49,277 12,784,168
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 16,592 676,085 2.52 0.91 15,099 615,237
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 51,155 659,493 8.41 0.92 47,063 606,734
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 15,419 608,338 2.60 2.10 32,380 1,277,510
2025-05-28 2025-05-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
M - Exercise 58,255 592,919 10.90 0.85 49,284 501,609
2025-05-22 2025-05-20 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,459 534,664 -0.46 13.15 -32,336 7,030,832
2025-04-24 2025-04-22 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -9,969 537,123 -1.82 6.42 -64,001 3,448,330
2025-03-10 2025-03-06 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 101,721 547,092 22.84
2025-02-13 2025-02-10 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,791 445,371 -0.62 5.99 -16,718 2,667,772
2025-02-07 2025-01-23 4/A QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,383 448,162 -0.53 5.27 -12,558 2,361,814
2025-01-27 2025-01-23 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
S - Sale -2,383 448,162 -0.53 5.27 -12,558 2,361,814
2024-12-06 2024-12-04 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,460 441,722 -0.55 2.76 -6,790 1,219,153
2024-10-23 2024-10-21 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,100 444,182 -0.47 1.17 -2,457 519,693
2024-10-23 2024-10-21 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -18,360 446,282 -3.95 1.17 -21,481 522,150
2024-08-23 2024-08-21 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,460 464,642 -0.53 0.93 -2,279 430,537
2024-07-26 2024-07-22 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -2,100 467,102 -0.45 1.02 -2,142 476,444
2024-06-04 2024-05-31 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -9,838 459,766 -2.09 1.37 -13,478 629,879
2024-04-23 2024-01-10 4/A QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 32,785 295,590 12.48
2024-03-29 2024-03-27 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
F - Taxes -5,986 473,170 -1.25 1.95 -11,673 922,682
2024-03-29 2024-03-27 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 100,000 479,156 26.37
2024-03-29 2024-03-27 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 80,000 379,156 26.74
2024-01-16 2024-01-10 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
A - Award 36,351 299,156 13.83
2023-10-18 2023-10-16 4 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share
S - Sale -22,855 254,643 -8.24 1.00 -22,855 254,643
2023-05-08 3 QBTS D-Wave Quantum Inc.
Common Stock, par value $0.0001 per share ("Common Stock")
271,984
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)