Rigetti (NASDAQ: RGTI) CFO granted 180,000 options, sells shares for taxes
Rhea-AI Filing Summary
Rigetti Computing chief financial officer Jeffrey A. Bertelsen received an option grant for 180,000 shares of common stock at an exercise price of $16.99 per share. These options begin vesting monthly starting in April 2026 over 36 months, subject to his continued service.
On the same date, he sold 4,270 shares of common stock at a weighted average price of $17.5186 per share in nondiscretionary “sell to cover” transactions to satisfy tax withholding obligations tied to RSU settlement. After this sale, he directly holds 175,609 shares of common stock.
Positive
- None.
Negative
- None.
Insights
Routine equity grant with tax-related share sale; limited signaling value.
Rigetti Computing's CFO received 180,000 stock options at an exercise price of $16.99, vesting monthly over 36 months starting in April 2026. This structure ties compensation to longer-term share performance and service continuity.
He also sold 4,270 common shares at a weighted average of $17.5186 per share. Footnotes state these were nondiscretionary "sell to cover" trades to meet tax withholding on RSU settlement, a common administrative mechanism rather than an elective portfolio move.
Following the sale, he directly holds 175,609 common shares, indicating a substantial ongoing equity stake. With no remaining derivative positions disclosed in this filing and the sale framed as tax-driven, the overall signal appears routine rather than thesis-changing for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 180,000 | $0.00 | -- |
| Sale | Common Stock | 4,270 | $17.5186 | $75K |
Footnotes (1)
- The sales reported in this row represent nondiscretionary sales of shares required to be sold by the Reporting Person pursuant to sell to cover transactions to satisfy tax withholding obligations in connection with the settlement of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.35 to $17.60, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. One-thirty-sixth (1/36th) of these stock options vest and become exercisable on the 10th day of each calendar month commencing in April 2026, subject to the Reporting Person's continuous service with the Issuer through each such vesting date.