Form 4: Rigetti CFO Sells Shares for Tax Obligations

Rigetti Computing's CFO, Jeffrey A. Bertelsen, sold 3,919 shares of common stock to cover tax withholding obligations related to RSU settlement.

Summary

• Jeffrey A. Bertelsen, Chief Financial Officer of Rigetti Computing, Inc. (RGTI), sold 3,919 shares of common stock.
• The transaction occurred on August 20, 2025.
• The shares were sold at a weighted average price of $14.8377, with prices ranging from $14.665 to $14.91.
• The sale was a nondiscretionary "sell to cover" transaction to satisfy tax withholding obligations upon the settlement of Restricted Stock Units (RSUs).
• Following this transaction, Bertelsen beneficially owns 183,581 shares of Rigetti Computing common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes, which is a neutral event. It does not indicate a change in management's outlook on the company's prospects.

Positives

• The sale was nondiscretionary and for tax purposes, indicating it was not a discretionary sale based on a negative outlook for the company.
• The transaction was executed under a Rule 10b5-1(c) plan, demonstrating pre-planning and compliance with insider trading regulations.

Negatives

• A reduction in direct beneficial ownership by a key executive, even if for tax purposes.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing reports a routine insider transaction (sell to cover for taxes) and does not provide information relevant to broader industry trends or competitive landscape within the quantum computing sector.

Comparison to Industry Standards

• Not applicable. This Form 4 reports a standard insider transaction for tax purposes, which is a common occurrence across all industries when Restricted Stock Units (RSUs) vest for executives. There are no specific comparable companies, projects, or results to assess against industry benchmarks in this type of filing.

Stakeholder Impact

• Shareholders: Minor dilution from the sale, but the transaction is routine and not indicative of a change in company fundamentals or executive confidence.
• Employees: No direct impact on employees beyond the executive involved.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Recommendation

The filing details a routine 'sell to cover' transaction by the CFO to satisfy tax obligations on RSU vesting. This is a common and expected event for executives and does not reflect a discretionary sale based on a negative view of the company's future. As such, it provides no new fundamental information to alter an investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Rigetti Computing, RGTI, Form 4, Insider Trading, Jeffrey Bertelsen, CFO, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, 10b5-1 Plan, Quantum Computing