Form 4: Rigetti CTO Sells Shares for Tax Obligations

Rigetti Computing's Chief Technology Officer, David Rivas, sold 44,355 shares of common stock for $14.8455 per share to cover tax withholding obligations related to RSU settlement.

Summary

• David Rivas, Chief Technology Officer (CTO) of Rigetti Computing, Inc. (RGTI), sold 44,355 shares of the company's common stock.
• The transaction occurred on August 20, 2025, at a weighted average price of $14.8455 per share, with individual sales ranging from $14.66 to $15.01.
• The sale was nondiscretionary and executed pursuant to a Rule 10b5-1(c) plan, specifically to satisfy tax withholding obligations in connection with the settlement of Restricted Stock Units (RSUs).
• Following this transaction, David Rivas beneficially owns 730,568 shares of Rigetti Computing common stock.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine, non-discretionary sale to cover tax obligations related to RSU vesting, which is a common event for executives receiving equity compensation. It does not indicate a change in management's view of the company's prospects.

Positives

• The sale was nondiscretionary and pre-planned under a Rule 10b5-1(c) plan, indicating a routine event rather than a discretionary decision to reduce exposure.
• The underlying event is the settlement of Restricted Stock Units (RSUs), which represents a form of compensation for the executive.

Negatives

• A reduction in direct insider ownership, although for a specific, non-discretionary reason.

Future Outlook

NA

Industry Context

Rigetti Computing operates in the quantum computing sector, a rapidly evolving and highly specialized field focused on developing quantum processors and software. Insider transactions, such as the sale of shares to cover tax obligations from RSU vesting, are common across all industries, including high-tech, as part of executive compensation structures.

Stakeholder Impact

• Shareholders: Minimal impact as this is a small, routine sale for tax purposes and not indicative of a lack of confidence in the company.
• Employees: No direct impact on the broader employee base from this specific transaction, though the RSU vesting is a positive compensation event for the executive.

Key Dates

Keywords

Rigetti Computing, RGTI, David Rivas, Chief Technology Officer, CTO, insider transaction, Form 4, SEC filing, stock sale, RSU, restricted stock units, tax withholding, quantum computing