Form 4: Rigetti Computing Director Thomas Iannotti Receives Annual Equity Grant

Rigetti Computing, Inc. Director Thomas J. Iannotti was granted 14,902 shares of common stock as an annual restricted stock unit award for his service.

Summary

• Rigetti Computing, Inc. Director Thomas J. Iannotti acquired 14,902 shares of common stock on June 10, 2025, through an annual grant of restricted stock units (RSUs).
• The acquisition price for these shares was $0, indicating they were granted as compensation.
• The 14,902 shares underlying the RSUs will vest in full on the earlier of the Issuer's 2026 annual meeting of stockholders or June 10, 2026, contingent upon Mr. Iannotti's continuous service as a director.
• Following this transaction, Mr. Iannotti beneficially owns 14,902 shares directly.
• An associated Power of Attorney, executed on June 9, 2025, authorizes specific individuals to act on behalf of Thomas J. Iannotti for SEC filings, including Forms 3, 4, and 5, and to manage his EDGAR account.

Sentiment

Score: 7

Explanation: The filing indicates a routine compensation event for a director, which is a positive for aligning interests but does not suggest significant new developments or financial performance changes.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Thomas J. Iannotti aligns his interests with those of the shareholders, as his compensation is tied to the company's future performance and stock value.
• This is a standard practice for director compensation, indicating routine corporate governance and compensation structures are in place.

Risks

• The vesting of the granted Restricted Stock Units (RSUs) is subject to the reporting person's continuous service with the Issuer, meaning the shares could be forfeited if service ceases before the vesting date.

Future Outlook

The granted Restricted Stock Units are scheduled to vest on the earlier of the Issuer's 2026 annual meeting or June 10, 2026, provided the director maintains continuous service.

Industry Context

The grant of Restricted Stock Units to a director is a common form of equity compensation in publicly traded companies, particularly in technology and growth sectors like quantum computing, designed to incentivize long-term commitment and align leadership interests with shareholder value creation.

Comparison to Industry Standards

• The practice of granting Restricted Stock Units (RSUs) as part of director compensation is a widely accepted and standard practice across various industries, including technology and emerging sectors.
• This type of equity award is common among companies seeking to retain experienced board members and align their financial incentives with the company's long-term performance, similar to practices observed at comparable technology firms.

Corporate Governance

Related Party Transactions

• The grant of 14,902 Restricted Stock Units (RSUs) to Director Thomas J. Iannotti constitutes a related party transaction, as it is compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The granted Restricted Stock Units (RSUs) will vest on the earlier of the Issuer's 2026 annual meeting or June 10, 2026, subject to continuous service.

Key Dates

Recommendation

Keywords

Rigetti Computing, RGTI, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Thomas J. Iannotti, Corporate Governance, SEC Filing