Form 4: Rigetti Computing's CTO, David Rivas, Reports Stock Transactions

David Rivas, Chief Technology Officer of Rigetti Computing, reports the acquisition of restricted stock units and the sale of common stock to cover tax obligations.

Summary

• On March 10, 2025, David Rivas, the Chief Technology Officer of Rigetti Computing, was awarded 200,000 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Rigetti Computing's common stock upon settlement.
• The RSUs vest in sixteen installments, starting on May 20, 2025, and continuing on the 20th day of the middle month of each quarter, subject to continuous service.
• On March 11, 2025, Rivas sold 351,785 shares of common stock at a weighted average price of $7.763 per share, ranging from $7.645 to $8.105.
• The sale was to cover tax withholding obligations related to the settlement of RSUs.
• Following these transactions, Rivas beneficially owns 1,094,738 shares of Rigetti Computing common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The RSUs will continue to vest quarterly, contingent on Rivas's continued service with Rigetti Computing.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.

Key Dates