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.
Rigetti Computing, Inc. (RGTIW) filing a Form 144 reports a proposed sale under Rule 144 of 3,919 common shares executed through Piper Sandler & Co., valued at $57,844.44. The shares were acquired by the seller on 08/20/2025 through RSU vesting and the intended sale date is listed as 08/20/2025 on the Nasdaq. The filing states there were no other shares sold in the past three months and includes the filer’s representation that they are not aware of undisclosed material adverse information about the issuer.
Rigetti Computing, Inc. (RGTIW) filed a Form 144 reporting a proposed sale of 44,355 shares of common stock through Piper Sandler & Co. The filing states the shares arose from RSU vesting on 08/20/2025 and lists an aggregate market value of $654,679.80. The shares represent approximately 0.0137% of the 324,165,170 shares outstanding, indicating the proposed sale is small relative to total capitalization. No other sales in the past three months were reported.
Rigetti Computing, Inc. (RGTI) Form 4: Michael S. Clifton, a director, reported transactions dated 08/14/2025 executed pursuant to a Rule 10b5-1 trading plan adopted March 10, 2025. The filing discloses activity in warrants with a stated conversion/exercise price of $11.50 and 21,188 underlying common shares linked to those derivatives. The form notes the warrants are fully vested and exercisable. The Form 4 was signed by an attorney-in-fact on 08/15/2025. The reporting person is identified with an address at Rigetti Computing, Inc., Berkeley, CA, and is marked as a Director.
Thomas J. Iannotti, a director of Rigetti Computing, Inc., reported option exercise and share sales executed under a Rule 10b5-1 plan. On 08/14/2025 he exercised a stock option at an exercise price of $1.17 for 100,000 shares and sold 100,000 shares in multiple transactions at a weighted-average price of $16.6987 (prices ranged $16.58–$16.76). Following these transactions the filing reports 14,902 shares of common stock directly beneficially owned and 620,000 derivative securities (options) held directly. The 10b5-1 trading plan was adopted May 15, 2025. The option vesting schedule noted that one-third vested November 15, 2024, with remaining portions vesting in two equal annual installments thereafter.
Rigetti Computing, Inc. reported a Rule 144 notice for the proposed sale of 100,000 shares of common stock through Piper Sandler & Co. The shares have an aggregate market value of $1,724,000 and represent a small fraction of the company's reported 324,165,170 outstanding shares. The securities were acquired and are proposed to be sold on 08/14/2025 following a stock option exercise, with payment in cash. The transaction is planned to occur on Nasdaq. The filer states there were no other sales in the past three months and affirms no undisclosed material adverse information.
Rigetti Computing, Inc. (RGTIW) Form 144 shows a proposed sale of 25,000 warrants through Piper Sandler on 08/14/2025 with an aggregate market value of $164,500. The warrants were acquired as "Sponsor Promote Warrants" on 03/22/2022, with an indicated acquisition amount of 25,000. The filing also discloses multiple securities sales by the same account during the past three months: 125,000 shares of common stock and 25,000 warrants sold on various dates from 06/09/2025 through 07/17/2025, generating total reported gross proceeds of $1,813,000. The form includes a representation that the seller is not aware of undisclosed material adverse information.
Rigetti Computing reported a materially larger balance sheet at June 30, 2025 with total assets of $636.7 million versus $284.8 million at year-end 2024, driven by $368.6 million in short-term and $145.9 million in long-term available-for-sale U.S. Treasury securities. Cash and cash equivalents were $57.2 million. Stockholders' equity increased to $553.3 million from $126.6 million, and outstanding common shares were ~323.8 million.
Operationally revenue fell year-over-year: Q2 revenue was $1.8 million (Q2 2024: $3.1M) and six-month revenue was $3.3 million (2024: $6.1M). Quarterly operating loss widened to $19.9 million and Q2 net loss was $39.7 million. For the six months, the company reported net income of $3.0 million, driven primarily by non-cash fair value changes in derivative warrant and earn-out liabilities (other income of $44.5M). In May 2025 Rigetti completed an ATM that raised $350.0 million gross (net $346.7M), providing significant liquidity despite higher R&D and SG&A spending and continued reliance on non-cash valuation swings for six-month profitability.
Rigetti Computing has posted an updated corporate presentation on its website in the Investors section and furnished that presentation via a Form 8-K under Regulation FD. The filing states the presentation is furnished for disclosure purposes and is not to be treated as a filed SEC document or incorporated by reference into other filings. The Form 8-K does not include financial tables, earnings figures, or details of any transactions; it solely directs investors to the company website at https://www.rigetti.com to access the presentation.
Rigetti Computing furnished a press release disclosing its financial results for the three- and six-month periods ended June 30, 2025. The Form 8-K states the press release is furnished as Exhibit 99.1 and that the information is being furnished (not "filed") under the Exchange Act, which limits Section 18 liability and incorporation by reference into other filings.
The filing also lists the companys Nasdaq-listed securities (Common Stock: RGTI; Warrants: RGTIW), confirms the company as an emerging growth company, and includes an Inline XBRL cover page (Exhibit 104). The report is signed on behalf of the company by its Chief Financial Officer.