Richard Danis - Dec 7, 2022 Form 4 Insider Report for Rigetti Computing, Inc. (RGTI)

Role
Interim CEO, GC &Corp. Sec.
Signature
/s/ Rick Danis
Stock symbol
RGTI
Transactions as of
Dec 7, 2022
Transactions value $
-$24,042
Form type
4
Date filed
12/9/2022, 08:20 PM
Previous filing
Aug 29, 2022
Next filing
Dec 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RGTI Common Stock Sale -$10.3K -10K -2.02% $1.03 485K Dec 7, 2022 Direct F1, F2
transaction RGTI Common Stock Sale -$7.39K -7.17K -1.48% $1.03 478K Dec 8, 2022 Direct F1, F3
transaction RGTI Common Stock Award $0 +147K +30.75% $0.00 625K Dec 9, 2022 Direct F4
transaction RGTI Common Stock Sale -$6.34K -6.27K -1% $1.01 619K Dec 9, 2022 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 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 restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.01 to $1.075 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 ranges set forth in footnotes (2), (3) and (5).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.07 inclusive.
F4 Grant of initial restricted stock unit ("RSU") award in connection with service as Interim CEO pursuant to previously disclosed letter agreement entered into in connection with service as Interim CEO. The shares underlying the RSUs vest one-third on each of December 31, 2022, January 31, 2023 and February 28, 2023, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.04 inclusive.