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Filing Details

Accession Number:: 0000899243-23-009615
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-03-24 21:14:31
Reporting Period:: 2022-08-10

Accepted Time:: 2023-03-24 21:14:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1907982	D-Wave Quantum Inc.	QBTS	()	NY

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
769993	Goldman Sachs & Co. Llc	200 West Street New York NY 10282	No	No	Yes	No
886982	Goldman Sachs Group Inc	200 West Street New York NY 10282	No	No	Yes	No
1575993	Broad Street Principal Investments, L.l.c.	200 West Street New York NY 10282	No	No	Yes	No
1601462	Bridge Street 2014, L.p.	200 West Street New York NY 10282	No	No	Yes	No
1601463	Mbd 2014, L.p.	200 West Street New York NY 10282	No	No	Yes	No
1967298	2014 Employee Offshore Aggregator, L.p.	P.o. Box 309 Ugland House George Town E9 KY1-1104	No	No	Yes	No
1967645	Stone Street 2014 Holdings, L.p.	P.o. Box 309 Ugland House George Town E9 KY1-1104	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-10	19,100	$12.01	7,958,246	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-10	19,100	$12.01	7,939,146	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-10	500	$12.00	7,939,646	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-10	500	$12.00	7,939,146	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-11	54	$11.79	7,939,200	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-11	1	$12.10	7,939,199	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-11	54	$11.79	7,939,145	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-11	1	$12.10	7,939,146	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-12	24	$11.14	7,939,122	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-12	13	$11.36	7,939,135	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-12	13	$11.36	7,939,122	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-12	24	$11.14	7,939,146	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-16	100	$10.45	7,939,046	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-16	100	$10.45	7,939,146	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-19	29	$8.95	7,939,175	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-19	29	$8.95	7,939,146	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-23	100	$8.05	7,939,246	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-23	100	$8.05	7,939,146	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-24	14	$8.88	7,939,132	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-24	14	$8.88	7,939,146	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-31	64	$6.39	7,939,082	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-31	64	$7.01	7,939,146	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-08-31	64	$6.68	7,939,210	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Disposition	2022-08-31	64	$6.68	7,939,146	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-09-02	255	$6.30	7,939,401	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-09-02	51	$6.17	7,939,452	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-09-02	102	$6.22	7,939,554	No	4	P	Indirect	See Footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2022-09-02	222	$6.13	7,939,776	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.0001 Per Share	Warrants	Acquisiton	2022-12-13	6,366	$0.14	9,257	$0.00
Common Stock, Par Value $0.0001 Per Share	Warrants	Disposition	2022-12-13	6,366	$0.14	9,257	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,366			No	4	P	Indirect
0			No	4	S	Indirect

Footnotes

This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs & Co. LLC ("Goldman Sachs"), Broad Street Principal Investments, L.L.C. ("BSPI"), 2014 Employee Offshore Aggregator, L.P. ("2014 EOA"), Bridge Street 2014, L.P. ("Bridge Street 2014"), MBD 2014, L.P. ("MBD 2014") and Stone Street 2014 Holdings, L.P. ("Stone Street 2014") (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose. This filing is being made based on there being 63,096,354 shares of common stock, par value $0.0001, of D-Wave Quantum Inc. (the "Issuer", such stock, the "Common Shares")
(Continued from Footnote 1) outstanding as reported in the Issuer's Form 10-Q for the quarter ended September 30, 2022 (the "Form 10-Q"). The Form 10-Q also discloses on the cover page that there are 48,409,641 outstanding exchangeable shares and appears to treat the Common Shares and exchangeable shares as one class of equity security. If the Common Shares and exchangeable shares are treated as one class of equity security, the Reporting Persons are not greater than 10% beneficial owners for Section 16 purposes. In light of the ambiguity in the Issuer's filings with the Securities and Exchange Commission, the Reporting Persons are filing this Form 4 as a precatory matter and do not thereby admit they are greater than 10% beneficial owners or subject to Section 16.
Without conceding its status as a greater than 10% beneficial owner or that the reported transactions, including any riskless principal trades in connection with client trade facilitation in the ordinary course of business, are subject to liability under Section 16(b) of the Exchange Act, the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that the Reporting Persons were greater than 10% beneficial owners and the transactions were subject to Section 16(b) has been remitted to the Issuer.
Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 7,939,146 Common Shares of the Issuer by reason of the direct or indirect beneficial ownership of such shares as follows: (i) 7,234,875 Common Shares held by BSPI, (ii) 174,351 Common Shares held by 2014 EOA, (iii) 294,912 Common Shares held by Bridge Street 2014, (iv) 97,147 Common Shares held by MBD 2014 and (v) 137,861 Common Shares held by Stone Street 2014 (BSPI, 2014 EOA, Bridge Street 2014, MBD 2014 and Stone Street 2014 together, the "GS Entities") because Goldman Sachs is a wholly owned subsidiary of GS Group, and affiliates of Goldman Sachs and GS Group are the general partner, managing general partner or investment manager of each of the GS Entities, as applicable.
Each warrant of the Issuer entitles the holder to purchase 1.4541326 Common Shares at $11.50. The warrants are exercisable commencing on September 4, 2022. The warrants will expire on August 5, 2027, or earlier upon redemption or liquidation.