[144] Rigetti Computing, Inc. Warrants SEC Filing
Rigetti Computing, Inc. reported a Rule 144 notice for the proposed sale of 100,000 shares of common stock through Piper Sandler & Co. The shares have an aggregate market value of $1,724,000 and represent a small fraction of the company's reported 324,165,170 outstanding shares. The securities were acquired and are proposed to be sold on 08/14/2025 following a stock option exercise, with payment in cash. The transaction is planned to occur on Nasdaq. The filer states there were no other sales in the past three months and affirms no undisclosed material adverse information.
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Insights
TL;DR: Routine insider exercise and planned sale; size is immaterial relative to shares outstanding.
This Form 144 shows an insider exercised options and intends to sell 100,000 shares valued at $1.724 million. Relative to 324.165 million outstanding shares, the lot is approximately 0.03% of the float, so it is unlikely to affect market supply materially. The notice follows Rule 144 procedures and names a broker, indicating a standard, compliant disposal rather than a forced or distressed sale.
TL;DR: Disclosure is proper and transparent; no material governance red flags evident from this filing alone.
The filing discloses acquisition by stock option exercise and immediate planned sale on the same date, with cash payment and broker involvement. The representation that no material nonpublic information exists, and the absence of other recent sales, are consistent with routine insider liquidity. Without additional context on insider role or subsequent filings, this transaction appears procedural and non-material.