4//SEC Filing
Kulkarni Subodh K 4
Accession 0001209191-22-061198
CIK 0001838359other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 4:24 PM ET
Size
8.8 KB
Accession
0001209191-22-061198
Insider Transaction Report
Form 4
Kulkarni Subodh K
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2022-12-12+1,250,000→ 1,250,000 totalExercise: $0.96Exp: 2032-12-11→ Common Stock (1,250,000 underlying) - Award
Employee Stock Option (right to buy)
2022-12-12+500,000→ 500,000 totalExercise: $0.96Exp: 2032-12-11→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]One-third (1/3rd) of the shares subject to the option vest on December 12, 2023, and the remaining shares subject to the option shall vest in twenty-four (24) equal monthly installments thereafter, subject to the Reporting Person's continuous service through each such vesting date (the "time-based vesting requirement").
- [F2]The option is subject to the aforementioned time-based vesting requirement and a performance-based vesting requirement. The performance-based vesting requirement uses the Issuer's stock price as vesting hurdles over a five-year period. There are two vesting hurdles at $5 and $10 per share, with each hurdle price applying to 50% of the shares underlying the option granted. A hurdle is met when the Issuer's closing trading stock price equals or exceeds the hurdle amount for any twenty (20) trading days during any consecutive thirty (30) trading day period. To the extent that the performance-based vesting requirement is satisfied prior to the termination of the Reporting Person's continuous service, the option will vest and become exercisable without regard to the time-based vesting requirement. The option will not vest and become exercisable unless and until the performance-based vesting requirement has been satisfied, even if the time-based vesting requirement has been satisfied.
Documents
Issuer
Rigetti Computing, Inc.
CIK 0001838359
Entity typeother
Related Parties
1- filerCIK 0001388191
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 4:24 PM ET
- Size
- 8.8 KB