Rigetti CTO logs tax sale, new 80K RSU grant
Rigetti Computing, Inc. Chief Technology Officer David Rivas reported two common stock transactions.
Rhea-AI Filing Summary
Rigetti Computing, Inc. Chief Technology Officer David Rivas reported two common stock transactions. He executed nondiscretionary open-market sales of 36,719 shares at a weighted average price of $17.5201 per share to cover tax withholding from restricted stock unit (RSU) settlement, and then received an award of 80,000 RSUs. Following these transactions, he directly holds 731,914 shares. The RSU award vests over time, with one-fourth vesting on February 20, 2027 and the remaining three-fourths vesting in equal quarterly installments on February 20, May 20, August 20, and November 20, subject to continued service.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 36,719 | $17.5201 | $643K |
| Grant/Award | Common Stock | 80,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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 restricted stock units ("RSUs").
- F2. 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.
- F3. Represents an award of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. One-fourth (1/4th) of the total number of RSUs (rounded down) will vest February 20, 2027 and thereafter one-sixteenth (1/16th) of the total number of RSUs (rounded down, except for the final scheduled vesting installment) will vest on the 20th day of the middle month of each quarter thereafter (i.e., February 20, May 20, August 20 and November 20), subject to the Reporting Person's continuous service with the Issuer through each such vesting date.
FAQ
What insider transactions did Rigetti Computing (RGTI) report for David Rivas?
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