D-Wave Quantum Shares Plunge Following CEO’s Multi-Million Dollar Stock Disposal

D-Wave Quantum US26740W1099

Investors in D-Wave Quantum witnessed a dramatic sell-off yesterday as the company’s stock price collapsed by more than 11%, closing the trading session at $23.36. This sharp decline was triggered by regulatory filings revealing that Chief Executive Officer Alan E. Baratz had disposed of a substantial portion of his holdings, a move that came just days after the quantum computing company reported impressive quarterly results.

Documents filed with the SEC on Thursday detailed the significant transaction: on November 11, CEO Baratz liquidated 806,288 shares at an average price of $28.87 per share. The total value of this disposal reached $23.28 million, reducing the executive’s direct stake in the company by over 22%.