Rigetti (RGTI) CFO Jeffrey Bertelsen Sells Shares, Exercises Options

What Happened Jeffrey A. Bertelsen, Rigetti’s Chief Financial Officer, exercised 25,000 stock options at $0.60 per share (cost $15,000) and sold 25,000 shares in the open market on 2026-09-03 for a weighted average price of $15.00 (total ~$375,010). The Form 4 also records a derivative conversion/disposition of 25,000 shares reported at $0.00 (per the filing).

Key Details

• Transaction date: 2026-09-03; Form 4 filed 2026-09-04.
• Sale: 25,000 shares sold, weighted average $15.00 (range $15.00–$15.01); reported proceeds ~$375,010.
• Exercise: 25,000 options exercised at $0.60/share; reported cash outlay $15,000. (SEC code M = exercise/conversion of derivative)
• Additional derivative line: 25,000 shares listed as disposed at $0.00 in the filing.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: F1 — trades were made pursuant to a Rule 10b5‑1 plan adopted June 4, 2026. F2 — sale price is a weighted average across multiple transactions ($15.00–$15.01). F3 — option vesting schedule: 1/4 vested Feb 15, 2024; remaining vest monthly over 36 months.
• Timeliness: Filed the day after the reported transactions; no late filing indicated.

Context This was an option exercise paired with a same‑day open‑market sale of shares, executed under a prearranged 10b5‑1 plan (commonly used to avoid trading-window issues). The reported disposal at $0.00 for a derivative line may reflect an administrative net settlement or share surrender/withholding as recorded on the Form 4; the filing does not explain that line further. Sales by insiders can be routine or preplanned and do not by themselves indicate the insider’s view of the company. For full detail, consult the complete Form 4 or contact the company’s investor relations.