Alissa Fitzgerald - Mar 1, 2024 Form 4 Insider Report for Rigetti Computing, Inc. (RGTI)

Role
Director
Signature
/s/ Rick Danis, Attorney-in-Fact
Stock symbol
RGTI
Transactions as of
Mar 1, 2024
Transactions value $
-$57,611
Form type
4
Date filed
3/5/2024, 04:15 PM
Previous filing
Feb 29, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RGTI Common Stock Options Exercise $9.45K +34.7K +24.68% $0.27 176K Mar 1, 2024 Direct F1
transaction RGTI Common Stock Sale -$67.1K -34.7K -19.79% $1.93 141K Mar 1, 2024 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
transaction RGTI Stock Option (right to buy) Options Exercise $0 -34.7K -100% $0.00* 0 Mar 1, 2024 Common Stock 34.7K $0.27 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 13, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.87 to $1.98 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.
F3 17% 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.