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 a price of $0.95 per share on June 24, 2024, according to a Form 4 filing with the SEC.

Summary

• On June 24, 2024, Alissa Fitzgerald, a director of Rigetti Computing, Inc., sold 20,000 shares of common stock.
• The sale was executed at a price of $0.95 per share.
• Following the transaction, Fitzgerald directly owns 213,667 shares of Rigetti Computing.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2023.

Sentiment

Score: 4

Explanation: The sentiment is neutral. It's a routine disclosure of a stock sale by a director under a pre-arranged trading plan. It doesn't necessarily indicate a negative outlook, but insider selling can sometimes be perceived negatively by investors.

Industry Context

Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, sales under 10b5-1 plans are less indicative of current sentiment, as they are pre-arranged.

Stakeholder Impact

• The sale of shares by a director could potentially create short-term selling pressure on the stock.

Key Dates