Mike Harburn - Mar 2, 2022 Form 3 Insider Report for Rigetti Computing, Inc. (RGTI)

Role
SVP, Fabrication Ops. Hardware
Signature
/s/ Rick Danis, Attorney-in-Fact
Stock symbol
RGTI
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
3
Date filed
3/11/2022, 04:11 PM
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RGTI Common Stock 480K Mar 2, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding RGTI Employee Stock Option (right to buy) Mar 2, 2022 Common Stock 276K $0.27 Direct F2, F3
holding RGTI Employee Stock Option (right to buy) Mar 2, 2022 Common Stock 31.5K $0.27 Direct F2, F4
holding RGTI Employee Stock Option (right to buy) Mar 2, 2022 Common Stock 47.2K $0.27 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares issued pursuant to restricted stock unit ("RSU") grants. 322,679 RSUs vested or shall vest in 48 equal monthly installments commencing May 21, 2021 and 157,650 RSUs vested or shall vest in 48 equal monthly installments commencing on February 25, 2021. All vesting is subject to the Reporting Person's continuous service with the Issuer on each such date.
F2 The securities reported herein were acquired by the Reporting Person prior to the Reporting Person becoming an executive officer of the Issuer. The Reporting Person was appointed as an executive officer of the Issuer effective immediately after the effective time of the Second Merger as defined in that Agreement and Plan of Merger, dated as of October 6, 2021, as amended on December 23, 2021 and January 10, 2022 (the "Merger Agreement"), by and among the Issuer, Supernova Merger Sub, Inc., Supernova Romeo Merger Sub, LLC, and Rigetti Holdings, Inc.
F3 11.49988% of this option vested and became exercisable on February 18, 2020, with the remainder vesting in 48 equal monthly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F4 20% of this option vested and became exercisable on July 18, 2019, with the remainder vesting in 48 equal monthly installments thereafter, subject to the Reporting Person's continuous service with the Issuer on each such date.
F5 This option shall vest and become exercisable in equal monthly installments over a period of five years commencing April 1, 2019, subject to the Reporting Person's continuous service with the Issuer on each such date.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney