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Rigetti Computing, Inc.·4

Jun 1, 4:12 PM ET

Kulkarni Subodh K 4

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Rigetti (RGTI) CEO Subodh Kulkarni Exercises Options, Sells Shares

What Happened
Subodh K. Kulkarni, President, CEO and a director of Rigetti Computing (RGTI), exercised stock options and sold shares. On May 28, 2026 he exercised options that resulted in the acquisition of 214,601 shares (70,000 @ $0.96; 111,111 @ $1.05; 33,490 @ $1.41) at a reported aggregate exercise cost of about $231,354. He also sold shares in open-market transactions: 43,190 shares at a weighted average price of $26.23 (total $1,132,839) and, on June 1, 2026, 61,000 shares at a weighted average price of $24.38 (total $1,487,064) — combined sale proceeds ≈ $2,619,903. The filing also reports corresponding derivative disposals (zero-dollar entries) tied to the option exercises and share-withholding to cover exercise price/taxes.

Key Details

  • Transaction dates: exercises and some sales on 2026-05-28; additional open-market sale on 2026-06-01.
  • Option exercises acquired: 214,601 shares at exercise prices of $0.96, $1.05 and $1.41 (aggregate reported cash paid ≈ $231,354).
  • Open-market sales: 43,190 shares @ weighted $26.23 (prices ranged $26.20–$26.69); 61,000 shares @ weighted $24.38 (prices ranged $24.08–$24.73). Total proceeds ≈ $2.62M.
  • Reported zero-dollar "Disposed" entries represent derivative/option instrument dispositions related to the exercises; footnote F1 confirms some shares were sold to pay exercise price and/or cover taxes.
  • Vesting notes: some options are fully vested (F4) or vest monthly per F5/F6 schedules.
  • Filing: Form 4 filed 2026-06-01 reporting transactions dated 2026-05-28 (filed 4 days after the trades). The filing does not state the reporting person’s total RGTI holdings after these transactions.

Context
This was an option exercise followed by sales (including share sales to cover exercise/taxes). That pattern is common when insiders exercise vested options and either sell some shares to fund the exercise/tax liability or take cash. The filing is factual and does not state motives; purchases generally signal stronger buy-side conviction than routine sell-to-cover transactions.