Clifton Michael S. 4
4 · Rigetti Computing, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Rigetti (RGTI) Director Michael S. Clifton Sells 50,000 Shares
What Happened
Michael S. Clifton, a director of Rigetti Computing, sold 50,000 derivative shares on May 21, 2026, at $10.00 per share for total proceeds of $500,000. The filing is coded as a sale (S) of derivative securities.
Key Details
- Transaction date and price: May 21, 2026 — 50,000 shares at $10.00 each (total $500,000).
- Transaction type: Sale (S) of derivative securities.
- Footnotes: Transaction executed under a Rule 10b5-1 trading plan adopted March 10, 2025 (pre‑arranged); the derivative securities were fully vested and exercisable.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Report filed May 22, 2026 (covers 5/21/2026) — appears timely.
Context
The sale was made under a pre-set 10b5-1 plan, which typically means the trade was scheduled in advance and not necessarily a real-time signal of the insider’s view. Because this was a derivative disposition (the securities were noted as fully vested and exercisable), the transaction may reflect sale of instruments tied to underlying equity; the filing itself does not state the insider’s motivation.
Insider Transaction Report
- Sale
Warrants (right to buy)
[F1][F2]2026-05-21$10.00/sh−50,000$500,000→ 156,250 totalExercise: $11.50Exp: 2027-03-02→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 10, 2025.
- [F2]Fully vested and exercisable.