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

Alissa Fitzgerald, a director at Rigetti Computing, sold 17,294 shares of common stock at $0.8 per share on September 9, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 9, 2024, Alissa Fitzgerald, a director of Rigetti Computing, Inc. (RGTI), sold 17,294 shares of the company's common stock.
• The sale was executed at a price of $0.8 per share.
• Following the transaction, Fitzgerald directly owns 156,373 shares of Rigetti Computing.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 13, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale by a director could be perceived negatively by some shareholders, potentially signaling a lack of confidence in the company's future prospects, although the 10b5-1 plan mitigates this concern.

Key Dates