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

Richard Danis, General Counsel & Corp. Sec. of Rigetti Computing, sold 46,326 shares of common stock on March 18, 2024, to cover tax withholding obligations.

Summary

• On March 18, 2024, Richard Danis, General Counsel & Corp. Sec. of Rigetti Computing, sold 46,326 shares of common stock.
• The sale was executed to cover tax withholding obligations related to the settlement of restricted stock units.
• The shares were sold at a weighted average price of $1.97, with individual transactions ranging from $1.945 to $2.045.
• Following the transaction, Danis directly owns 1,052,141 shares of Rigetti Computing common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. It's important to consider the context of the sale, such as the reason for the sale and the amount of stock sold, in relation to the executive's total holdings.

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 given the stated reason for the sale.

Key Dates