Form 4: Rigetti Computing Director Helene Gail Sandford Sells 43,200 Shares

Helene Gail Sandford, a director at Rigetti Computing, sold 43,200 shares of common stock at an average price of $0.82 on September 17, 2024, according to a Form 4 filing with the SEC.

Summary

• On September 17, 2024, Helene Gail Sandford, a director of Rigetti Computing, Inc. (RGTI), sold 43,200 shares of common stock.
• The sale was executed at a weighted average price of $0.82 per share, with individual transactions ranging from $0.8147 to $0.8201.
• Following the transaction, Sandford directly owns 257,752 shares of Rigetti Computing common stock.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan. Insider sales can sometimes be perceived negatively, but the pre-planned nature mitigates this concern.

Industry Context

Sales by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects. It is important to consider the context of the sale, such as whether it was pre-planned under a 10b5-1 trading plan, which is designed to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a director could potentially create short-term uncertainty among shareholders.

Key Dates