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

David Rivas, Chief Technology Officer of Rigetti Computing, sold shares to cover tax withholding obligations related to RSU settlement.

Summary

• David Rivas, the Chief Technology Officer of Rigetti Computing, sold 44,815 shares of common stock on May 21, 2025.
• The sale was executed to cover tax withholding obligations related to the settlement of Restricted Stock Units (RSUs).
• The shares were sold at a weighted average price of $11.8889, with individual transactions ranging from $11.80 to $12.065.
• Following the transaction, Rivas directly owns 774,923 shares of Rigetti Computing.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units (RSUs) are a common practice among corporate executives. This transaction is a routine financial activity and doesn't necessarily reflect a change in the executive's confidence in the company's future prospects.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• Comparing the percentage of shares sold to total holdings with similar transactions at companies like IBM, Google, or Microsoft would provide context.
• The weighted average price of $11.8889 can be compared to the average trading volume and price volatility of RGTI stock to assess the impact of the sale.

Stakeholder Impact

• The sale could have a minor, temporary impact on the stock price due to the increased supply of shares.
• The transaction is unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Rigetti Computing, David Rivas, RGTI, stock sale, Form 4, CTO, RSU, tax obligations, insider trading