Form 4: Rigetti Computing's CTO, David Rivas, Sells Shares to Cover Tax Obligations

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

Summary

• On August 14, 2024, David Rivas, the Chief Technology Officer of Rigetti Computing, sold 39,638 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 $0.87, with individual transactions ranging from $0.8411 to $0.8667.
• Following the transaction, Rivas directly owns 1,336,369 shares of Rigetti Computing.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction appears to be a routine sale to cover tax obligations.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and wealth management. It is important to consider the context of the sale, such as the reason for the sale and the amount of shares sold, in order to determine the potential impact on the company's stock price.

Stakeholder Impact

• The sale of shares by a company executive could have a slight negative impact on shareholder sentiment, but is unlikely to have a significant impact on the company's stock price.

Key Dates