Form 4: Rigetti Computing Director Helene Gail Sandford Receives Annual Grant of Restricted Stock Units

Helene Gail Sandford, a director at Rigetti Computing, received an annual grant of 142,857 restricted stock units (RSUs) on June 18, 2024.

Summary

• Helene Gail Sandford, a director of Rigetti Computing, Inc., received an annual grant of 142,857 restricted stock units (RSUs) on June 18, 2024.
• The RSUs will vest in full on the earlier of the date of the Issuer's 2025 annual meeting of the stockholders (or the date immediately prior to such annual meeting if the Reporting Person's service as a director ends at such annual meeting) or on June 18, 2025, each subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
• Following the transaction, Sandford directly owns 324,114 shares of Rigetti Computing common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive as it aligns director interests with shareholders.

Future Outlook

The RSUs will vest based on continued service through the earlier of the 2025 annual meeting or June 18, 2025.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders through equity ownership.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as RSUs, are common among publicly traded companies like Rigetti Computing to incentivize directors and align their interests with shareholders.
• The size of the grant is typical for companies of Rigetti's size and stage.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders.
• The vesting schedule incentivizes the director to remain engaged with the company.

Key Dates