Rigetti (NASDAQ: RGTI) CFO sells shares to cover RSU taxes
Rhea-AI Filing Summary
Rigetti Computing, Inc. (RGTI) reported that its Chief Financial Officer, Jeffrey A. Bertelsen, had a nondiscretionary sale of 3,860 shares of common stock on 2026-08-20. The sale was a sell to cover transaction to satisfy tax withholding obligations upon settlement of RSUs, at a weighted average price of about $16.89 per share. Following this transaction, he directly holds 168,067 shares of Rigetti common stock.
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Insider Trade Summary
Net Seller: 3,860 shares
Net Sell
1 txn
Insider
Bertelsen Jeffrey A.
Role
CHIEF FINANCIAL OFFICER
Sold
3,860 shs ($65K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,860 | $16.8877 | $65K |
Holdings After Transaction:
Common Stock — 168,067 shares (Direct)
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 RSUs.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.69 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
Shares sold: 3,860 shares
Weighted average sale price: $16.8877 per share
Sale price range: $16.69–$16.965 per share
+1 more
4 metrics
Shares sold
3,860 shares
Common Stock sale on 2026-08-20 by CFO Jeffrey A. Bertelsen
Weighted average sale price
$16.8877 per share
Sell to cover transaction for tax withholding obligations
Sale price range
$16.69–$16.965 per share
Multiple transactions included in the reported weighted average price
Shares held after transaction
168,067 shares
Direct holdings of Rigetti common stock by the CFO following the sale
Key Terms
sell to cover, RSUs, weighted average price, tax withholding obligations
4 terms
sell to cover financial
"represent nondiscretionary 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.
RSUs financial
"to satisfy tax withholding obligations in connection with the settlement of RSUs"
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.
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.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the settlement of RSUs"
FAQ
What insider transaction did Rigetti Computing (RGTI) disclose for Jeffrey A. Bertelsen?
Rigetti Computing disclosed that CFO Jeffrey A. Bertelsen had a nondiscretionary sale of 3,860 shares of common stock on 2026-08-20 to cover tax withholding obligations related to RSU settlement.
Was the Rigetti (RGTI) CFO’s Form 4 sale a discretionary trade?
No. The footnotes state the transaction consisted of nondiscretionary sell to cover sales required to satisfy tax withholding obligations arising from settlement of RSUs, rather than a discretionary open-market sale for investment purposes.
Were the Rigetti (RGTI) CFO’s transactions under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not affirmed in the filing, and the footnotes do not state that the trades were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.