---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-25-000086"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:18:53.085615+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# D-Wave Quantum adopts severance policy and amends executive employment agreements

## Summary
- Severance policy adopted May 1, 2025 for CEO Alan Baratz, CFO John Markovich, and CAO Diane Nguyen.
- Non-CIC severance includes 12 months salary continuation; CEO also gets accelerated vesting on time-based equity.
- CIC severance: 1.0x (CEO 1.5x) of salary plus bonus, COBRA for 12–18 months, full equity acceleration.
- Employment agreements amended May 6, 2025 to align with the new severance policy.

## SEC filing metadata
- accession: 0001907982-25-000086
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000086/0001907982-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798225000086/qbts-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-25-000086
- JSON: https://secwatch.observer/filing/0001907982-25-000086.json
- Plain text: https://secwatch.observer/filing/0001907982-25-000086.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.