Rivas David 4
4 · Rigetti Computing, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Rigetti (RGTI) CTO David Rivas Sells Shares, Receives 80,000 RSUs
What Happened David Rivas, Chief Technology Officer of Rigetti Computing (RGTI), reported two transactions on 2026-03-10: a sale of 36,719 shares in an open market/private sale for a weighted average price of $17.52 totaling $643,321, and an award of 80,000 restricted stock units (RSUs) valued at $0 at grant (contingent rights to future shares).
Key Details
- Transaction dates: 2026-03-10 (reported on Form 4 filed 2026-03-11).
- Sale: 36,719 shares sold (Code S) for a weighted average price of $17.52; per footnote, sales occurred at prices ranging $17.35–$17.60. Total proceeds reported: $643,321.
- Award: 80,000 RSUs granted (Code A); RSUs represent a contingent right to one share each upon settlement.
- Vesting: 1/4 of RSUs vest on Feb 20, 2027; thereafter 1/16 of the total (rounded down, with final installment adjusted) vests on Feb/May/Aug/Nov 20 each quarter, subject to continuous service.
- Sale reason: Footnote indicates the sale was a nondiscretionary “sell-to-cover” to satisfy tax withholding on RSU settlement (routine/tax-related).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Reported the day after the transaction (no late filing indicated).
Context The sale appears to be a routine sell-to-cover tied to equity compensation tax obligations rather than a discretionary divestment; the RSU grant is a standard equity award that vests over time. For retail investors, purchases are generally more indicative of positive insider sentiment; this filing mainly reflects compensation-related activity.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-10$17.52/sh−36,719$643,321→ 651,914 total - Award
Common Stock
[F3]2026-03-10+80,000→ 731,914 total
Footnotes (3)
- [F1]The sales reported in this row represent nondiscretionary sales of shares required to be sold by the Reporting Person pursuant to sell to cover transactions to satisfy tax withholding obligations in connection with the settlement of restricted stock units ("RSUs").
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.35 to $17.60, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Represents an award of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. One-fourth (1/4th) of the total number of RSUs (rounded down) will vest February 20, 2027 and thereafter one-sixteenth (1/16th) of the total number of RSUs (rounded down, except for the final scheduled vesting installment) will vest on the 20th day of the middle month of each quarter thereafter (i.e., February 20, May 20, August 20 and November 20), subject to the Reporting Person's continuous service with the Issuer through each such vesting date.