Rigetti CEO sells 120K shares after option exercise
Rigetti Computing’s CEO exercised 150,000 options and sold 120,000 shares under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Rigetti Computing, Inc. (RGTI) reported that President and CEO Subodh K. Kulkarni exercised employee stock options for 150,000 shares of common stock on September 9, 2026 at an exercise price of $0.9638 per share, leaving 100,000 options outstanding from this grant, which is fully vested.
On the same date, he received 150,000 common shares from the option exercise and sold 120,000 shares of common stock at a weighted average price of $15.6842 per share, with individual sale prices ranging from $15.595 to $15.80, all under a Rule 10b5-1 trading plan adopted June 10, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Kulkarni Subodh K
Role
President and CEO
Sold
120,000 shs ($1.88M)
Approx. gross sale proceeds
$1.88M
Approx. exercise cost
$145K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F1, F3 | 150,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 150,000 | $0.9638 | $145K |
| Sale | Common Stock F1, F2 | 120,000 | $15.6842 | $1.88M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 100,000 contracts (Direct);
Common Stock — 140,411 shares (Direct)
Footnotes (3)
- F1. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 10, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.595 to $15.80, 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. The stock option is fully vested and exercisable.
Key Figures
Options exercised: 150,000 shares
Option exercise price: $0.9638 per share
Common shares sold: 120,000 shares
+5 more
8 metrics
Options exercised
150,000 shares
Employee stock options for common stock exercised on September 9, 2026
Option exercise price
$0.9638 per share
Exercise price for 150,000 options exercised on September 9, 2026
Common shares sold
120,000 shares
Common stock sale reported for September 9, 2026
Weighted average sale price
$15.6842 per share
Average price for 120,000 shares of common stock sold
Sale price range
$15.595–$15.80 per share
Range of individual prices for the reported share sales
Remaining options from this grant
100,000 options
Options outstanding after the reported option exercise
Option expiration date
December 11, 2032
Expiration date of the employee stock option exercised
Rule 10b5-1 plan adoption date
June 10, 2026
Date the CEO’s trading plan governing these transactions was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, employee stock option, fully vested and exercisable
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 10, 2026"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
employee stock option financial
"The stock option is fully vested and exercisable"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
fully vested and exercisable financial
"The stock option is fully vested and exercisable"
FAQ
What insider transactions did RGTI’s CEO report on September 9, 2026?
Rigetti Computing’s CEO Subodh K. Kulkarni exercised options for 150,000 shares at $0.9638 per share and sold 120,000 common shares at a weighted average price of $15.6842 on September 9, 2026.
Were the RGTI CEO’s September 9, 2026 trades under a Rule 10b5-1 plan?
Yes. The transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the CEO on June 10, 2026, according to the disclosure footnote.
How many options does the RGTI CEO retain from this option grant after the exercise?
After exercising options for 150,000 shares, the CEO holds 100,000 stock options from this grant, which is stated to be fully vested and exercisable.
What type of derivative security did the RGTI CEO exercise in this Form 4?
He exercised an employee stock option to acquire 150,000 shares of Rigetti Computing common stock at an exercise price of $0.9638 per share, with the option expiring on December 11, 2032.
AI-generated analysis. How Rhea-AI works. Not financial advice.
