Rigetti Form 4: CFO Sell-to-Cover of 3,919 Shares at ~$14.84
Rhea-AI Filing Summary
Jeffrey A. Bertelsen, Chief Financial Officer of Rigetti Computing, Inc. (RGTI), reported a nondiscretionary sale of 3,919 shares of Common Stock on 08/20/2025 executed as "sell to cover" to satisfy tax withholding from RSU settlement. The weighted-average price for the shares sold was $14.8377, with individual trade prices ranging from $14.665 to $14.91. After the reported transactions, the filing shows 183,581 shares beneficially owned directly by the reporting person. The filing states the seller will provide details of the per-trade quantities on request.
Positive
- None.
Negative
- Reporting person sold 3,919 shares via nondiscretionary "sell to cover" transactions on 08/20/2025, reducing direct holdings.
- Weighted-average sale price $14.8377 (individual trades ranged from $14.665 to $14.91), indicating shares were liquidated rather than withheld in kind.
Insights
TL;DR: Insider sell-to-cover of RSU tax obligations; routine transaction that modestly reduces direct holdings.
The Form 4 documents a nondiscretionary sale of 3,919 shares by the CFO to satisfy tax withholding on vested RSUs, executed at a weighted-average price of $14.8377 with trades between $14.665 and $14.91. The filing reports 183,581 shares remain beneficially owned directly. This type of transaction is administrative in nature and does not indicate voluntary open-market liquidation beyond the tax-related sale. The reporting person offers to disclose per-trade quantities upon request, which supports transparency.
TL;DR: Disclosure is complete for a routine sell-to-cover; no governance red flags present in the filing.
The Form 4 includes explanatory footnotes clarifying the sales were nondiscretionary and linked to RSU tax withholding, and provides a weighted-average sale price plus a price range. The reporting person signed the form. There is no indication of multiple reporting persons, option exercises, or other derivative activity. From a governance perspective, the filing contains the expected information for this transaction type.