Rivas David 4

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.