Clifton Michael S. 4

What Happened

• Michael S. Clifton, a director of Rigetti Computing, sold derivative securities (warrants) in two transactions: 4,361 warrants at a weighted average price of $10.91 for $47,560 on 2026-06-12, and 94,733 warrants at $12.00 for $1,136,796 on 2026-06-15 — a combined disposal of 99,094 warrants totaling approximately $1,184,356. These were sales (S), not purchases.

Key Details

• Dates & prices: 2026-06-12 — 4,361 @ $10.91 (weighted avg); 2026-06-15 — 94,733 @ $12.00.
• Total disposed: 99,094 derivative shares (warrants) for ~$1.18M.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: F1 — instruments were fully vested and exercisable. F2 — the $10.91 price is a weighted average; those warrants were sold in multiple trades at prices ranging $10.80–$11.00, and the reporting person can provide per‑price quantities on request.
• Filing: Form 4 filed on 2026-06-16 reporting the above transactions.

Context

• These transactions are disposals of derivative securities (warrants). Derivative sales differ from direct stock purchases; they can reflect liquidity actions (e.g., selling vested instruments) rather than a direct statement about company prospects. The filing is factual and does not state a motive.