Rigetti (RGTI) director Johnson sells 122K shares and receives 9K RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rigetti Computing director Ray O. Johnson reported both stock sales and an equity grant. On June 8, he sold 116,217 and 5,971 shares of common stock in open-market transactions at weighted average prices of $21.2782 and $21.764 per share, respectively, under a pre-arranged Rule 10b5-1 trading plan adopted in March 2025 and modified in March 2026. On June 9, he received a grant of 9,208 restricted stock units for board service, which will vest in full on the earlier of the 2027 annual stockholder meeting or June 9, 2027, subject to continued service. After these transactions, he directly holds 180,481 shares of Rigetti common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 122,188 shares ($2,602,841)
Net Sell
3 txns
Insider
Johnson Ray O
Role
null
Sold
122,188 shs ($2.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,208 | $0.00 | -- |
| Sale | Common Stock | 116,217 | $21.2782 | $2.47M |
| Sale | Common Stock | 5,971 | $21.764 | $130K |
Holdings After Transaction:
Common Stock — 180,481 shares (Direct, null)
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025, and modified on March 9, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.725 to $21.72, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.725 to $21.82, 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. Represents an annual grant of restricted stock units ("RSUs") for service as a director of the Issuer. The shares underlying the RSUs will vest in full on the earlier of (i) the date of the Issuer's 2027 annual meeting of the stockholders (or the date immediately prior to such annual meeting if the Reporting Person's service as a director ends at such annual meeting) or (ii) on June 9, 2027, each subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
Key Figures
Open-market sale 1: 116,217 shares at $21.2782
Open-market sale 2: 5,971 shares at $21.764
RSU grant: 9,208 RSUs
+5 more
8 metrics
Open-market sale 1
116,217 shares at $21.2782
Common stock sold on June 8, 2026
Open-market sale 2
5,971 shares at $21.764
Common stock sold on June 8, 2026
RSU grant
9,208 RSUs
Annual director grant on June 9, 2026
Post-transaction holdings
180,481 shares
Common stock held directly after transactions
Net shares sold
122,188 shares
Net sell direction in transaction summary
10b5-1 plan adoption date
March 12, 2025
Original adoption of trading plan
10b5-1 plan modification date
March 9, 2026
Modification of trading plan
RSU vesting date
June 9, 2027
Latest possible full vesting date for RSUs
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), weighted average price, annual meeting of the stockholders
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 March 12, 2025, and modified on March 9, 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.
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for service as a director of the Issuer."
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.
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.
annual meeting of the stockholders regulatory
"will vest in full on the earlier of (i) the date of the Issuer's 2027 annual meeting of the stockholders ... or (ii) on June 9, 2027"
FAQ
What did Rigetti Computing (RGTI) director Ray O. Johnson report in this Form 4?
Ray O. Johnson reported two open-market sales of Rigetti common stock and one equity grant. He sold a total of 122,188 shares on June 8, 2026 and received 9,208 restricted stock units on June 9, 2026 as compensation for board service.
Was Ray O. Johnson’s Rigetti (RGTI) stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the June 8, 2026 stock sales were made under a Rule 10b5-1 trading plan that Johnson adopted on March 12, 2025 and modified on March 9, 2026, indicating the transactions were pre-arranged rather than discretionary.
What equity award did Ray O. Johnson receive from Rigetti (RGTI)?
He received an annual grant of 9,208 restricted stock units for service as a Rigetti director. The RSUs will vest in full on the earlier of the company’s 2027 annual stockholder meeting or June 9, 2027, subject to his continuous service on the board.
How are the Rigetti (RGTI) stock sale prices in the Form 4 described?
The reported sale prices are weighted average prices. Footnotes explain the shares were sold in multiple transactions within ranges of $20.725–$21.72 and $21.725–$21.82, and that detailed per-trade pricing information is available upon request from the issuer or regulators.