Form 4: Rigetti Computing Executive Sells Shares to Cover Tax Obligations

David Rivas, Chief Technology Officer of Rigetti Computing, sold shares of common stock to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On May 14, 2024, David Rivas, the Chief Technology Officer of Rigetti Computing, sold 4,433 shares of common stock.
• The sale was executed to cover tax withholding obligations associated with the settlement of restricted stock units.
• The shares were sold at a weighted average price of $1.34, with individual transactions ranging from $1.335 to $1.345.
• Following the transaction, Rivas directly owns 1,376,007 shares of Rigetti Computing.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, common when company executives sell shares, often to cover tax obligations related to stock-based compensation. It doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is related to tax obligations.

Key Dates