Form 4: Rigetti Computing Director Exercises Stock Options

Ray Johnson, a director at Rigetti Computing, exercised stock options for 98,373 shares at a price of $0.272 per share.

Summary

• Ray Johnson, a director at Rigetti Computing, exercised stock options to acquire 98,373 shares of common stock.
• The exercise price for these options was $0.272 per share.
• Following this transaction, Mr. Johnson directly owns 445,274 shares of Rigetti Computing stock.
• The stock options were fully vested and exercisable on December 12, 2024.
• A power of attorney was granted to several individuals at Rigetti Computing to handle SEC filings on behalf of Mr. Johnson.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock option exercises, which is neither positive nor negative in itself. It is a neutral event.

Positives

• The exercise of stock options by a director could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It does not indicate any specific trend in the quantum computing industry.

Comparison to Industry Standards

• Stock option exercises are a standard part of compensation packages for directors and officers in publicly traded companies.
• The filing of SEC Form 4 is a standard procedure for reporting changes in beneficial ownership by insiders.
• The power of attorney is a common practice to streamline the process of SEC filings.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.

Key Dates

Keywords

stock options, insider trading, beneficial ownership, SEC Form 4, Rigetti Computing, RGTI, director, equity securities