Form 4: Rigetti Computing Director Alissa Fitzgerald Exercises Options and Sells Shares Under 10b5-1 Plan

Alissa Fitzgerald, a director at Rigetti Computing, exercised stock options and sold shares of common stock on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 1, 2024, Alissa Fitzgerald, a director of Rigetti Computing, exercised stock options to acquire 34,747 shares of common stock at a price of $0.272 per share.
• Simultaneously, Fitzgerald sold 34,747 shares of common stock at a weighted average price of $1.93 per share, with individual sales prices ranging from $1.87 to $1.98.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on September 13, 2023.
• Following these transactions, Fitzgerald directly owns 140,810 shares of Rigetti Computing common stock.
• Fitzgerald also holds options to purchase 0 shares of Rigetti Computing common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The transactions are part of a pre-arranged plan, so they don't necessarily reflect a change in the director's outlook on the company.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the quantum computing industry. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates