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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,919 | $14.8377 | $58K |
Footnotes (1)
- The sales reported in this row represent nondiscretionary sales of shares required to be sold by the Reporting Person pursuant to sell to cover transactions to satisfy tax withholding obligations in connection with the settlement of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.665 to $14.91, 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.