Rigetti (RGTI) director sells 57,156 vested warrants at $16 in open-market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rigetti Computing director Clifton Michael S. reported selling 57,156 warrants to buy Rigetti common stock in two open-market transactions. The sales occurred on June 2 and June 3 at $16.00 per warrant, covering warrants fully vested and exercisable with a $11.50 exercise price and March 2, 2027 expiration. After the most recent sale, he directly holds 99,094 warrants according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 57,156 shares ($914,496)
Net Sell
2 txns
Insider
Clifton Michael S.
Role
null
Sold
57,156 shs ($914K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Warrants (right to buy) | 54,012 | $16.00 | $864K |
| Sale | Warrants (right to buy) | 3,144 | $16.00 | $50K |
Holdings After Transaction:
Warrants (right to buy) — 99,094 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Total warrants sold: 57,156 warrants
Sale price: $16.00 per warrant
Exercise price: $11.50 per share
+4 more
7 metrics
Total warrants sold
57,156 warrants
Open-market sales reported on Form 4
Sale price
$16.00 per warrant
Price for both June 2 and June 3 sales
Exercise price
$11.50 per share
Conversion or exercise price of warrants
Post-sale holdings
99,094 warrants
Total warrants held directly after June 3 transaction
First sale size
3,144 warrants
June 2 open-market derivative sale
Second sale size
54,012 warrants
June 3 open-market derivative sale
Warrant expiration
March 2, 2027
Expiration date of the warrants sold
Key Terms
Warrants (right to buy), open-market sale, conversion or exercise price, expiration date, +2 more
6 terms
Warrants (right to buy) financial
"security_title: "Warrants (right to buy)""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
conversion or exercise price financial
"conversion_or_exercise_price: "11.5000""
expiration date financial
"expiration_date: "2027-03-02T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
fully vested and exercisable financial
"footnote: "Fully vested and exercisable.""
FAQ
What insider transaction did Rigetti Computing (RGTI) disclose on this Form 4?
Rigetti Computing disclosed that director Clifton Michael S. sold 57,156 warrants in open-market transactions. These warrants give the right to buy common stock and were fully vested and exercisable at the time of sale.
How many Rigetti (RGTI) warrants did the director sell and at what price?
The director sold a total of 57,156 warrants in two trades at a price of $16.00 per warrant. Each warrant relates to Rigetti common stock with an exercise price of $11.50 per share.
On what dates were the Rigetti (RGTI) warrant sales by the director executed?
The warrant sales were executed on June 2 and June 3. One transaction covered 3,144 warrants and the other 54,012 warrants, both recorded as open-market sales in derivative securities linked to Rigetti common stock.
What are the terms of the Rigetti (RGTI) warrants sold by the director?
The warrants sold are fully vested and exercisable, with an exercise price of $11.50 per share and an expiration date of March 2, 2027. They are derivative securities giving the right to purchase Rigetti common stock.
How many Rigetti (RGTI) warrants does the director hold after these transactions?
After the most recent reported sale, the director directly holds 99,094 warrants. This figure reflects his remaining derivative position as of the June 3 transaction reported in the Form 4 filing.
Were the Rigetti (RGTI) warrant transactions open-market sales or other types of trades?
Both transactions were reported as open-market sales of derivative securities. The Form 4 labels them with transaction code “S,” indicating sales in open-market or private transactions, not option exercises or tax-withholding events.