RGTI Insider Sale: 44,355 Shares Sold for RSU Withholding at ~$14.85
Rhea-AI Filing Summary
Rigetti Computing insider sale disclosed on Form 4. David Rivas, Chief Technology Officer, reported nondiscretionary sales of 44,355 shares of Rigetti common stock on 08/20/2025 at a weighted average price of $14.8455. The sales were made to satisfy tax withholding obligations related to RSU settlement; reported sale prices ranged from $14.66 to $15.01. After the reported transactions, the filing shows 730,568 shares beneficially owned by the reporting person.
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Insights
TL;DR: Routine sell-to-cover for RSU tax withholding; not an open-market discretionary sale.
The Form 4 shows a single reporting person, CTO David Rivas, executing nondiscretionary "sell-to-cover" transactions on 08/20/2025 that disposed of 44,355 shares at a weighted average price of $14.8455. The filer explicitly states these sales were to satisfy tax withholding on RSU settlement and provides the price range ($14.66–$15.01). Such filings typically reflect compensation-related disposals rather than negative signals about company fundamentals. The filing also reports 730,568 shares beneficially owned following the transaction.
TL;DR: Disclosure meets Rule 16 reporting requirements and documents an administrative sale.
The document is a standard Section 16 Form 4 reporting an insider disposition tied to RSU vesting tax obligations. The filer certified availability of detailed per-trade pricing on request and used attorney-in-fact signature, indicating normal administrative processing. There are no indications in the form of discretionary open-market selling or additional derivative activity; the transaction appears procedural and routine from a governance perspective.
FAQ
What did Rigetti insider David Rivas report on the Form 4?
At what price were the RGTI shares sold according to the filing?
How many Rigetti shares does the reporting person beneficially own after the sale?
Why were the shares sold according to the Form 4?
Who signed the Form 4 filing for David Rivas?