Rigetti CTO sells 499,328 shares in open trade
Rigetti Computing chief technology officer David Rivas reported a large mixed transaction in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Rigetti Computing chief technology officer David Rivas reported a large mixed transaction in company stock. On May 29, 2026, he exercised employee stock options to acquire a total of 112,118 shares of Common Stock at an exercise price of $0.272 per share.
That same day, he completed an open-market sale of 499,328 shares of Common Stock at a weighted average price of $25.396 per share, with individual trades executed between $24.7549 and $25.62. Following these transactions, Rivas directly holds 325,945 shares of Rigetti common stock.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Rivas David
Role
CHIEF TECHNOLOGY OFFICER
Sold
499,328 shs ($12.68M)
Approx. gross sale proceeds
$12.68M
Approx. exercise cost
$30K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 75,131 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 33,053 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 3,541 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 393 | $0.00 | $0.00 |
| Exercise | Common Stock | 75,131 | $0.272 | $20K |
| Exercise | Common Stock | 33,053 | $0.272 | $9K |
| Exercise | Common Stock | 3,541 | $0.272 | $963.15 |
| Exercise | Common Stock | 393 | $0.272 | $106.90 |
| Sale | Common Stock | 499,328 | $25.396 | $12.68M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 271,236 contracts (Direct);
Common Stock — 325,945 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.7549 to $25.62, 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.
- F2. The stock option is fully vested and exercisable.
Key Figures
Shares sold: 499,328 shares
Weighted average sale price: $25.396 per share
Sale price range: $24.7549–$25.62 per share
+3 more
6 metrics
Shares sold
499,328 shares
Common Stock sold in open market on May 29, 2026
Weighted average sale price
$25.396 per share
Open-market sale of Common Stock
Sale price range
$24.7549–$25.62 per share
Range of prices for multiple sale transactions
Options exercised
112,118 shares
Employee stock options converted to Common Stock
Option exercise price
$0.272 per share
Exercise or conversion price of employee stock options
Post-transaction holdings
325,945 shares
Common Stock directly owned after reported transactions
Key Terms
open-market sale, Employee Stock Option (right to buy), weighted average price, derivative security
4 terms
open-market sale financial
"transaction_action: "open-market sale" for the 499,328 Common Stock shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)" in derivative transactions"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rigetti (RGTI) report for CTO David Rivas?
Rigetti reported that CTO David Rivas exercised options for 112,118 shares and sold 499,328 shares of Common Stock in open-market transactions on May 29, 2026, according to his Form 4 filing.
What stock options did the Rigetti (RGTI) CTO exercise in the Form 4 filing?
David Rivas exercised employee stock options covering 112,118 shares of Rigetti Common Stock at an exercise price of $0.272 per share, converting derivative securities into Common Stock according to the Form 4 transaction details.
Were the Rigetti (RGTI) CTO’s stock sales single or multiple transactions?
The Form 4 notes the reported sale price is a weighted average, and the 499,328 shares were sold in multiple transactions at prices between $24.7549 and $25.62, rather than in a single trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates