Form 4: Rigetti Computing Director Alissa Fitzgerald Sells 20,000 Shares

Alissa Fitzgerald, a director at Rigetti Computing, sold 20,000 shares of common stock at an average price of $0.82 on August 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 12, 2024, Alissa Fitzgerald, a director of Rigetti Computing, Inc. (RGTI), sold 20,000 shares of common stock.
• The sale was executed at a weighted average price of $0.82 per share, with individual transactions ranging from $0.8184 to $0.82.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2023.
• Following the sale, Fitzgerald directly owns 173,667 shares of Rigetti Computing common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by a company director under a pre-existing trading plan.

Industry Context

Insider sales are common and can be for various reasons, not necessarily indicative of the company's performance. However, significant or frequent insider selling can sometimes raise concerns among investors.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this.

Key Dates