By Mackenzie Tatananni

As billions of dollars in federal funding ignite fresh interest in quantum computing, executives at Infleqtion and D-Wave Quantum are trimming their stakes.

Pranav Gokhale, Infleqtion's chief technology officer and one of its three co-founders, unloaded 120,000 company shares on June 4 for an average of $17.73 apiece, or roughly $2 million in total. Gokhale still holds 2,218,980 shares, which were valued at $30 million at Wednesday's closing price of $13.58.

D-Wave's chief financial officer, John Markovich, made a much smaller sale two days earlier. A securities filing shows he sold 2,908 shares for $31 apiece, bringing in just over $90,000. This came on the heels of a transaction on May 22, when Markovich sold 328,752 shares for roughly $9.1 million. That same day, he converted restricted stock units to acquire 536,678 shares of common stock.

The CFO still holds 1,439,912 shares directly, including 447,770 unvested RSUs. If those units vested today, the whole stake would be worth $33.5 million, based on Wednesday's closing price of $23.25.

Both sales were just a drop in the bucket. D-Wave has more than 360 million outstanding shares, while Infleqtion has 218 million. The insider selling occurred alongside an explosion of interest in the technology, sparked by the announcement of a $2 billion federal funding package on May 21 that caused quantum stocks to rally. Gokhale's sale also coincided with Quantinuum's trading debut on June 4.

Ultimately, these minor insider sales shouldn't be viewed as a bearish signal. While quantum stocks have been volatile lately, that comes with the territory. The sector still trades largely on hype and sentiment ahead of the technology's broader commercialization.

Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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June 11, 2026 16:30 ET (20:30 GMT)

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