Form 4: Rigetti Computing CFO Sells Shares to Cover Tax Obligations and Exercise Options

Jeffrey A. Bertelsen, CFO of Rigetti Computing, Inc., executed transactions involving the sale of common stock to cover tax obligations and the exercise of employee stock options.

Summary

• On May 19, 2025, Jeffrey A. Bertelsen, the CFO of Rigetti Computing, exercised options to acquire 218,750 shares of common stock at a price of $0.60 per share.
• Simultaneously, Bertelsen sold 218,750 shares of common stock at a weighted average price of $11.6443 per share, with individual transactions ranging from $11.575 to $11.685.
• On May 21, 2025, Bertelsen sold an additional 3,848 shares at a weighted average price of $11.8898, with prices ranging from $11.80 to $12.065.
• He also sold 8,652 shares at a weighted average price of $11.9501, with prices around $11.95 to $11.955.
• These sales were partly to cover tax withholding obligations related to the settlement of Restricted Stock Units (RSUs).
• Following these transactions, Bertelsen directly owns 187,500 shares of Rigetti Computing, Inc.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment towards the company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell shares, often to cover tax liabilities or diversify their holdings. The market reaction, if any, would depend on the size and context of the transactions relative to the overall trading volume and investor sentiment towards Rigetti Computing.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Similar filings are made by executives at companies like IBM, Google, and Microsoft when they trade their company's stock.
• The details disclosed, such as the number of shares traded and the prices, are consistent with regulatory requirements for insider transaction reporting.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
• Employees holding stock options may be influenced by the CFO's actions, but the overall impact is likely minimal.

Key Dates

Keywords

Form 4, Rigetti Computing, RGTI, insider trading, CFO, Jeffrey Bertelsen, stock options, stock sale, securities