Johnson Ray O 4

What Happened

• Rigetti director Ray O. Johnson reported open-market sales of a total 122,188 shares (116,217 + 5,971) for combined proceeds of about $2,602,842 on June 8, 2026. The filing also shows a grant of 9,208 restricted stock units (RSUs) on June 9, 2026 at $0.00 (director compensation).

Key Details

• Transaction dates: sales on 2026-06-08; RSU grant on 2026-06-09. Form 4 filed 2026-06-10 (timely).
• Sale details:
  • 116,217 shares at a weighted-average price reported as $21.28 (total $2,472,889). Prices for these lots ranged $20.725–$21.72. (Footnote)
  • 5,971 shares at a weighted-average price reported as $21.76 (total $129,953). Prices for these lots ranged $21.725–$21.82. (Footnote)
• Grant details: 9,208 RSUs (annual director award) vest in full on the earlier of the 2027 annual meeting (or immediately prior if service ends) or June 9, 2027, subject to continued service.
• Sales were executed pursuant to a Rule 10b5-1 trading plan adopted March 12, 2025 and modified March 9, 2026.
• Shares owned after the transactions are not specified in the provided filing.

Context

• The sales were conducted under a pre-established 10b5-1 plan, which commonly indicates scheduled, preplanned disposition rather than a discretionary, real-time decision. The RSU grant is standard director compensation and will vest next year if service continues. Sales are often routine; they do not by themselves indicate insider sentiment about the company.