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

Rigetti Computing Director Helene Gail Sandford sold 17,635 shares of common stock on September 19, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Helene Gail Sandford, a Director of Rigetti Computing, Inc. (RGTI), reported transactions involving the company's common stock.
• On September 19, 2025, Ms. Sandford sold 1 share of common stock at a price of $26.98.
• On the same date, she sold an additional 17,634 shares of common stock at a weighted average price of $24.7484 per share, with individual sales ranging from $24.74 to $25.205.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Ms. Sandford on June 12, 2025.
• Following these reported transactions, Ms. Sandford beneficially owns 182,371 shares of Rigetti Computing common stock.

Sentiment

Score: 4

Explanation: The sale of shares by a director, even under a pre-arranged 10b5-1 plan, is a routine event for personal financial management and does not typically indicate a fundamental shift in the company's prospects. While not overtly negative, insider selling is generally not perceived as a strong positive signal.

Positives

• The transactions were made pursuant to a Rule 10b5-1 trading plan, indicating the sales were pre-scheduled and not based on recent material non-public information.

Negatives

• A director selling a significant number of shares (17,635) could be interpreted by some investors as a lack of conviction, even if pre-planned.
• The weighted average sale price for the larger block of shares ($24.7484) was lower than the price of the initial smaller sale ($26.98).

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note the director's sale, though the existence of a 10b5-1 plan mitigates concerns about opportunistic selling based on recent non-public information.

Key Dates

Recommendation

The sale of shares by a director, even under a pre-arranged 10b5-1 plan, is a routine event for personal financial management and does not typically indicate a fundamental shift in the company's prospects. It is not a strong signal for a 'buy' or 'sell' recommendation, thus a 'hold' is appropriate.

Keywords

Rigetti Computing, RGTI, Form 4, insider trading, stock sale, director, 10b5-1 plan, common stock