Alissa Fitzgerald - Jun 18, 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
Jun 18, 2024
Transactions value $
-$50,000
Form type
4
Date filed
6/20/2024, 04:15 PM
Previous filing
Mar 5, 2024
Next filing
Jun 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RGTI Common Stock Sale -$50K -50K -35.51% $1.00 90.8K Jun 18, 2024 Direct F1, F2
transaction RGTI Common Stock Award $0 +143K +157.31% $0.00 234K Jun 18, 2024 Direct 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 $0.98 to $1.03 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 Represents an annual grant of restricted stock units ("RSUs") for service as a director of the Issuer. The shares underlying the RSUs will vest in full on the earlier of (i) the date of the Issuer's 2025 annual meeting of the stockholders (or the date immediately prior to such annual meeting if the Reporting Person's service as a director ends at such annual meeting) or (ii) on June 18, 2025, each subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.