Rigetti (RGTI) director Michael S. Clifton receives 9,208-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rigetti Computing director Michael S. Clifton received an equity award of 9,208 shares of Common Stock in the form of restricted stock units (RSUs). The grant is compensation for his service as a director and carries no cash exercise price.
The RSUs will vest in full on the earlier of the company’s 2027 annual stockholder meeting (or immediately before that meeting if his board service ends then) or on June 9, 2027, subject to his continuous service with Rigetti. Following this grant, Clifton directly holds 512,974 shares of Rigetti Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clifton Michael S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,208 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 512,974 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 9,208 shares
Transaction price per share: $0.0000 per share
Shares held after transaction: 512,974 shares
+2 more
5 metrics
RSU grant size
9,208 shares
Annual director RSU award on June 9, 2026
Transaction price per share
$0.0000 per share
RSU grant recorded with no cash exercise price
Shares held after transaction
512,974 shares
Director’s direct Rigetti holdings following RSU grant
Vesting latest date
June 9, 2027
Latest vesting date if earlier annual meeting does not occur first
Vesting trigger
2027 annual stockholder meeting
RSUs vest on earlier of 2027 meeting or June 9, 2027
Key Terms
restricted stock units ("RSUs"), annual meeting of the stockholders, continuous service, Grant, award, or other acquisition
4 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for service as a director"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
annual meeting of the stockholders financial
"on the earlier of (i) the date of the Issuer's 2027 annual meeting of the stockholders"
continuous service financial
"each subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Rigetti (RGTI) director Michael S. Clifton report in this Form 4?
Michael S. Clifton reported receiving an award of 9,208 restricted stock units of Rigetti Common Stock. The grant is compensation for his board service and increased his direct holdings to 512,974 shares following the transaction, according to the Form 4 filing details.
When do Michael S. Clifton’s 9,208 Rigetti RSUs vest?
The 9,208 RSUs vest in full on the earlier of Rigetti’s 2027 annual stockholder meeting or June 9, 2027. Vesting is conditioned on Clifton’s continuous service with Rigetti through the applicable vesting date, as described in the footnote to the Form 4.
Is Michael S. Clifton’s Rigetti RSU award an open-market purchase or compensation grant?
The Form 4 shows a compensation grant, not an open-market purchase. The transaction is coded “A” for grant or award and carries a price of $0.0000 per share, indicating director equity compensation rather than a cash-funded stock purchase.
What conditions are attached to Michael S. Clifton’s Rigetti RSU vesting?
Vesting of the 9,208 RSUs requires Clifton’s continuous service with Rigetti through the vesting date. The RSUs vest on the earlier of the 2027 annual stockholder meeting (or immediately prior if his service ends then) or June 9, 2027, per the Form 4 footnote.