Form 4: Rigetti Computing CFO Acquires 500,000 Stock Options
SEC Form 4 Filing
Jeffrey A. Bertelsen, CFO of Rigetti Computing, Inc., reports the acquisition of 500,000 employee stock options.
Summary
- Jeffrey A. Bertelsen, the Chief Financial Officer of Rigetti Computing, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on March 18, 2024.
- Bertelsen acquired 500,000 employee stock options with an exercise price of $2.03.
- These options vest monthly, with 1/48th vesting on the 20th of each month starting in April 2024, contingent upon continuous service.
- The options expire on March 17, 2034.
- Following the reported transaction, Bertelsen directly owns 500,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock option grants, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The granting of stock options aligns management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction: CFO acquired 500,000 employee stock options. |
| 04/20/2024 | First vesting date: 1/48th of the stock options begin to vest monthly. |
| 03/17/2034 | Expiration date of the stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.