Form 4: Rigetti Computing Director Acquires 140,000 Stock Options

Thomas J. Iannotti, a director at Rigetti Computing, acquired 140,000 stock options on June 18, 2024, according to a Form 4 filing with the SEC.

Summary

• Thomas J. Iannotti, a director of Rigetti Computing, Inc. (RGTI), filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on June 18, 2024, where Iannotti acquired 140,000 stock options.
• These options have an exercise price of $0.98.
• The options vest fully on the earlier of (i) the date of the Issuer's 2025 annual meeting of the stockholders (or the date immediately prior to such annual meeting if the Reporting Person's service as a director ends at such annual meeting) or (ii) on June 18, 2025, each subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
• The options expire on June 17, 2034.
• Following the transaction, Iannotti directly owns 140,000 derivative securities (stock options).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring stock options suggests confidence, but it's a routine transaction.

Positives

• A director's acquisition of stock options can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's activity in acquiring stock options, which is a common form of executive compensation.

Stakeholder Impact

• Shareholders may view the director's stock option acquisition as a positive sign of confidence in the company's future.

Key Dates