Bertelsen Jeffrey A. 4

What Happened

• Jeffrey A. Bertelsen, Chief Financial Officer of Rigetti Computing, reported two open-market sales on May 22, 2026: 3,669 shares sold as a nondiscretionary sell-to-cover at a weighted average price of $22.94 (proceeds $84,156) and a separate sale of 13 shares at $25.63 (proceeds $333). Total proceeds were about $84,489. These transactions were sales (not purchases).

Key Details

• Transaction date: May 22, 2026; filing date: May 26, 2026 (filed on time given the Memorial Day holiday).
• Prices: 3,669 shares at a weighted avg $22.94 (range $22.76–$23.15 per footnote); 13 shares at $25.63.
• Total shares sold: 3,682; total proceeds: ~$84,489.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 = nondiscretionary sell-to-cover to satisfy tax withholding on RSU settlement; F2 = weighted-average price with a specified price range and offer to provide per-price details on request.
• Transaction code: S (sale). The sell-to-cover is an administrative tax-withholding disposition, per the filing.

Context

• "Sell-to-cover" means the company sold shares on the insider's behalf to cover taxes when restricted stock units vested; this is a routine, administrative transaction and not, by itself, a clear signal of the insider's view of the company.
• Sales are less informative than purchases for bullish signals; this filing documents routine tax withholding and a small additional open-market sale.