[144] Rigetti Computing, Inc. Warrants SEC Filing
Rigetti Computing, Inc. (RGTIW) Rule 144 Notice: This filing notifies proposed sales by a person for whose account securities will be sold under Rule 144. The seller plans to offer 125,000 common shares (aggregate market value $183,750) and 21,118 warrants (aggregate market value $118,260.80) through Piper Sandler & Co on 09/09/2025 on Nasdaq. The securities were acquired on 03/02/2022 as sponsor promote shares and warrants from the issuer.
The filing also reports transactions by the same person over the past three months: multiple common stock sales totaling 150,000 shares (sales on 06/09, 06/10, 07/16, 07/17) and warrants sales totaling 46,188 warrants (sales on 06/11 and 08/14), with gross proceeds listed per sale. The signer certifies no undisclosed material adverse information and complies with Rule 144 disclosure requirements.
- Compliant public disclosure under Rule 144 with broker and sale date specified
- Limited relative volume: 125,000 shares represent ~0.0386% of 324,165,170 outstanding shares, indicating low immediate dilution risk
- Insider selling activity: Recent three-month sales include 150,000 common shares and 46,188 warrants, which may be viewed negatively by some investors
- Concentration of sales on a single date: Planned sale on 09/09/2025 could add temporary selling pressure on that day
Insights
TL;DR: Routine Rule 144 disposition by an affiliated party; modest volume relative to total shares outstanding suggests limited immediate market impact.
The filer intends to sell 125,000 common shares and 21,118 warrants via Piper Sandler on 09/09/2025. The filing states acquisition as sponsor promote shares and warrants dated 03/02/2022. Recent three-month dispositions show steady selling activity with gross proceeds reported for each tranche. Given the issuer's outstanding share count of 324,165,170, the offered common shares represent approximately 0.0386% of outstanding shares, implying low dilution or market pressure from this single notice. Disclosure appears procedural and consistent with Rule 144 requirements.
TL;DR: Compliance-focused filing documenting insider-related sales; certification of no undisclosed material information is standard and important.
The notice documents the source of the securities as sponsor promote awards and lists broker and sale date. The signer explicitly represents absence of undisclosed material adverse information, aligning with Rule 144 attestations. The record of recent sales demonstrates an ongoing pattern of dispositions; governance teams should ensure trading plans and disclosures remain current and consistent with insider policies. The filing itself is routine and procedural.