Rigetti CTO sells 18,759 shares in tax sell-to-cover
Rigetti Computing, Inc. chief technology officer David Rivas reported selling a total of 18,759 shares of common stock on May 22, 2026.
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Rhea-AI Filing Summary
Rigetti Computing, Inc. chief technology officer David Rivas reported selling a total of 18,759 shares of common stock on May 22, 2026. The footnotes explain these were nondiscretionary "sell to cover" transactions to satisfy tax withholding obligations from settling restricted stock units, rather than voluntary open‑market sales. The shares were sold at weighted average prices of about $25.63 and $22.95, with a price range between $22.76 and $23.15 for the larger block. After these sales, he continues to hold a significant direct equity position in Rigetti.
Insights
Routine RSU tax sell-to-cover, not a discretionary stock sale.
The filing shows 18,759 shares of Rigetti Computing common stock sold by CTO David Rivas on May 22, 2026. Although coded as open-market sales, the footnotes clarify they were nondiscretionary “sell to cover” trades for RSU tax withholding.
Sell-to-cover occurs when a portion of vested restricted stock units is automatically sold to pay income taxes. This is a common administrative mechanism rather than a market-timing decision. Rivas still holds a large remaining direct position, so the economic signal from these trades is limited.
The larger block was sold at a weighted average of $22.9523 per share within a $22.76–$23.15 range, with an additional small sale at $25.63. Overall, this appears to be routine equity-compensation processing rather than a thesis-changing insider sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,729 | $22.9523 | $430K |
| Sale | Common Stock | 30 | $25.63 | $768.90 |
Footnotes (2)
- 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 $22.76 to $23.15, 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.
Key Figures
Key Terms
sell to cover transactions financial
restricted stock units ("RSUs") financial
weighted average price financial
FAQ
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What did Rigetti Computing (RGTI) CTO David Rivas report in this Form 4?
At what prices did David Rivas’ Form 4 sales of Rigetti Computing stock occur?
Does this Rigetti Computing Form 4 indicate a major change in David Rivas’ holdings?
What are sell-to-cover transactions mentioned in the Rigetti Computing Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.