Form 4: Rigetti Director Sells 126,295 Shares Under 10b5-1 Plan

Rigetti Computing Director Ray O Johnson sold 126,295 shares of common stock for $20 per share on September 12, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Ray O Johnson, a Director of Rigetti Computing, Inc. (RGTI), executed a sale of common stock.
• The transaction involved the disposition of 126,295 shares of common stock.
• The shares were sold at a price of $20 per share.
• The transaction date was September 12, 2025.
• Following this transaction, Ray O Johnson directly beneficially owns 293,461 shares of common stock.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by the Reporting Person on March 12, 2025.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a director selling a substantial number of shares. While the sale was pre-planned under a 10b5-1 plan, which mitigates the immediate signal of insider knowledge, it still represents a reduction in direct insider ownership.

Negatives

• A director selling a significant number of shares, even under a pre-arranged plan, can sometimes be perceived as a lack of confidence in the company's near-term stock price performance by some investors.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing, as it pertains solely to an insider transaction.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It is specific to Rigetti Computing, Inc. and its director's stock activity.

Stakeholder Impact

• Shareholders may interpret the director's sale as a signal regarding the company's future prospects or stock valuation, potentially leading to increased scrutiny of the stock.

Key Dates

Recommendation

The sale of 126,295 shares by a director, even under a Rule 10b5-1 plan, warrants a 'hold' recommendation. While the 10b5-1 plan suggests the decision to sell was made in advance and not based on immediate non-public information, a significant reduction in insider ownership can still be perceived as a cautious signal. Investors should monitor future insider activity and company performance before making new investment decisions.

Keywords

Rigetti Computing, RGTI, Form 4, Insider Trading, Stock Sale, Director, 10b5-1 Plan, Quantum Computing