Rigetti CTO granted 750,000 RSUs, sells 5,791 shares
Rigetti Computing, Inc. (RGTI) reported insider equity activity by Chief Technology Officer Andrew Joseph Bestwick.
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Rhea-AI Filing Summary
Rigetti Computing, Inc. (RGTI) reported insider equity activity by Chief Technology Officer Andrew Joseph Bestwick. He received an award of 750,000 RSUs, each representing a contingent right to one share of common stock, vesting in 16 installments on February 20, May 20, August 20 and November 20 starting November 20, 2026, subject to continued service. In connection with RSU settlement, he conducted nondiscretionary sell-to-cover transactions of 5,791 shares of common stock at a weighted average price of $16.8053 per share, with individual sale prices ranging from $16.63 to $16.965.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2, F3 | 5,791 | $16.8053 | $97K |
| Grant/Award | Common Stock F1 | 750,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents an award of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 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 (i.e., February 20, May 20, August 20 and November 20) commencing on November 20, 2026, subject to the Reporting Person's continuous service with the Issuer through each such vesting date.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.63 to $16.965, 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
RSUs financial
contingent right financial
sell to cover financial
tax withholding obligations financial
weighted average price financial
FAQ
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What insider equity transactions did RGTI report for Andrew Joseph Bestwick?
How many RSUs were granted to the Rigetti (RGTI) CTO and how do they vest?
When do the newly granted RSUs for Rigetti (RGTI) begin vesting?
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