Rigetti (NASDAQ: RGTI) CTO gets 750,000 RSUs vesting from 2026
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 744,209 shares
Net Buy
2 txns
Insider
Bestwick Andrew Joseph
Role
CHIEF TECHNOLOGY OFFICER
Sold
5,791 shs ($97K)
| 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 |
Holdings After Transaction:
Common Stock — 1,036,121 shares (Direct)
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
RSUs granted: 750,000 RSUs
Shares sold (sell to cover): 5,791 shares
Weighted average sale price: $16.8053 per share
+4 more
7 metrics
RSUs granted
750,000 RSUs
Award of RSUs to CTO Andrew Joseph Bestwick on 2026-08-18
Shares sold (sell to cover)
5,791 shares
Nondiscretionary sales related to RSU tax withholding on 2026-08-20
Weighted average sale price
$16.8053 per share
Average price for 5,791 shares sold on 2026-08-20
Sale price range low
$16.63 per share
Lowest price in the range of sale transactions on 2026-08-20
Sale price range high
$16.965 per share
Highest price in the range of sale transactions on 2026-08-20
Vesting installments
16 installments
One-sixteenth of RSUs vest on specified quarterly dates starting November 20, 2026
Vesting commencement date
November 20, 2026
First vesting date for the 750,000 RSU award
Key Terms
RSUs, contingent right, sell to cover, tax withholding obligations, +1 more
5 terms
RSUs financial
"Represents an award of RSUs. Each RSU represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each RSU represents a contingent right to receive one share"
sell to cover financial
"sales of shares required to be sold by the Reporting Person pursuant to sell to cover transactions"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"sell to cover transactions to satisfy tax withholding obligations in connection"
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.
FAQ
What insider equity transactions did RGTI report for Andrew Joseph Bestwick?
Rigetti Computing reported that Chief Technology Officer Andrew Joseph Bestwick received an award of 750,000 RSUs and sold 5,791 shares of common stock in nondiscretionary sell-to-cover transactions related to RSU tax withholding.
How many RSUs were granted to the Rigetti (RGTI) CTO and how do they vest?
Andrew Joseph Bestwick was granted 750,000 RSUs. One-sixteenth of the RSUs vests on the 20th day of the middle month of each quarter (February 20, May 20, August 20 and November 20), starting on November 20, 2026, subject to continued service.
When do the newly granted RSUs for Rigetti (RGTI) begin vesting?
The RSUs granted to Andrew Joseph Bestwick begin vesting on November 20, 2026. Vesting then continues quarterly on February 20, May 20, August 20 and November 20, with one-sixteenth of the total RSUs vesting on each date, subject to continuous service.
AI-generated analysis. How Rhea-AI works. Not financial advice.