RGTI Rigetti Computing, Inc. Insider Trading

Director Ray O Johnson sold 84.9K shares of RGTI at $20.55; holdings cut 47.1%; scheduled 10b5-1 plan, stock now -63.2% from 52-week high.

Director Ray O Johnson sold 84,944 shares of Rigetti Computing at $20.55 on 2026-06-22 under a pre-arranged 10b5-1 trading plan adopted on 2025-03-12, reducing his holdings by 47.1% from 180,481 to 95,537 shares. The sale occurs as RGTI trades at $21.38, representing -63.2% from the 52-week high of $58.15 and -19.1% over the prior 30 days. Prior to this filing, Johnson executed two additional sales at this ticker on 2026-06-08, both with outcomes not yet measurable. The company reported latest-quarter revenue of $4,400,000.00 and disclosed a negative full-year net income for its most recent full fiscal year, paired with annual revenue growth of -34.3%. Since transactions are executed under a scheduled 10b5-1 plan rather than discretionary timing, the filing reflects predetermined execution rather than real-time market judgment.

Director Ray O Johnson sold 122.2K shares at blended avg $21.30 (2 transactions); reduced holding 40.4% via scheduled 10b5-1 plan

Ray O Johnson (Director) executed 2 separate sales totaling 122,188 shares for $2,602,841.41, reducing his holding from 302,669 shares to 180,481 shares. The transactions occurred at prices ($21.28 and $21.76) that are materially above the current price of $19.69 and modestly above the 30-day average trajectory (+4.0%), though notably below the 52-week high of $58.15 (current price is -66.1% from that peak). This sale is governed by a pre-arranged 10b5-1 trading plan adopted on 2025-03-12, meaning the execution timing and structure were scheduled rather than discretionary. In his cross-ticker trade history, Johnson's prior open-market sales averaged 90-day returns of +34.4%, though this specific ticker shows a single prior sale (2025-09-12) with identical return metrics (+34.4% 90d). The company's fundamentals present mixed signals: net income was $33.1M (latest quarter) but annual revenue growth contracted -34.3% year-over-year, and the company was unprofitable over its most recent full fiscal year despite recent quarterly profitability.

Rigetti CEO Kulkarni sells 104,190 shares across 2 transactions for $2,619,903.25 (blended $25.15), reducing non-derivative holdings 48.6%

Subodh K Kulkarni, President and CEO, executed two separate sales totaling 104,190 shares for $2,619,903.25 (blended average price $25.15) on 2026-05-28 and 2026-06-01, reducing his non-derivative holdings from 214,601 shares to 110,411 shares (-48.6%). The current price of $25.63 sits -55.9% from the 52-week high of $58.15, but his transaction prices ($26.23 and $24.38) occurred during a period when the stock had already recovered +46.5% over the prior 30 days and +51.1% over 90 days. Notably, his prior sell at this ticker (2025-05-20) was followed by +38.5% 90-day returns, indicating the stock rallied after his last open-market sale. The company faces significant headwinds: annual revenue declined -34.3%, and the full fiscal year showed negative net income despite latest-quarter reported net income of $33,109,000.00. The insider retains substantial derivative holdings across three option vehicles totaling 2,285,399 shares of upside exposure, so this sale represents a partial reduction of non-derivative shares rather than an overall position exit.

CTO David Rivas sells 499,328 shares of RGTI at $25.40 for $12.7M; retains 325,945 shares plus 271,236 derivative options.

David Rivas, Chief Technology Officer, sold 499,328 shares ($12.7M total value) on 2026-05-29 at $25.40 per share, reducing his non-derivative holdings by 60.5% to 325,945 shares. The sale occurred in the context of RGTI trading at $25.63 currently—down 55.9% from its 52-week high of $58.15—despite a 46.5% rebound over the past 30 days and 51.1% gains over 90 days. His prior sales at RGTI show mixed timing: only 1 of his 5 previous sells at this ticker captured a negative 90-day return (stock falling post-sale), and his cross-ticker track record across all open-market history shows a 16.67% well-timed rate on 6 prior sells, with average 90-day returns of +31.1% (meaning those sales were typically followed by stock appreciation, not declines). Operationally, RGTI reported $4.4M in latest-quarter revenue but $33.1M in net income for that quarter; however, the company faced -34.3% annual revenue decline and was unprofitable over its most recent full fiscal year. Rivas retains meaningful upside exposure: 271,236 derivative shares (employee stock options) remain open, along with his 325,945 non-derivative shares, representing a substantial ongoing stake in the company despite this large transaction.

Director Fitzgerald Alissa sold 59,316 shares of RGTI at $22.41 for $1,329,378.33 via scheduled 10b5-1 plan, reducing holdings by 63.1%.

Director Alissa Fitzgerald executed a substantial reduction in her RGTI stake through a pre-arranged 10b5-1 trading plan adopted on 2025-03-13, selling 59,316 shares on 2026-01-02 at $22.41. The sale reduced her holdings from 93,991 shares to 34,675 shares, representing a 63.1% reduction in her position. Because this transaction is part of a scheduled 10b5-1 plan rather than discretionary trading, the timing and decision to sell were locked in months before execution and reflect no real-time market signal. Investors should note that substantial pre-planned director liquidations, while not indicative of sudden concerns, represent a structural shift in insider ownership concentration at the company.

Director Michael S. Clifton sold 150,000 shares of RGTI at $27.34 under 10b5-1 plan

Director Michael S. Clifton executed a sale of 150,000 shares at $27.34 for total value of $4,100,805.00, reducing his holdings from 653,766 shares to 503,766 shares (a reduction of 22.9% vs pre-transaction holdings). This transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-03-10, meaning it was scheduled rather than discretionary. As a director conducting a material share reduction under a fixed plan, the transaction is reportable and notable for transparency, but the scheduled nature removes timing as a meaningful signal.

Director Helene Gail Sandford sold 62,000 shares of RGTI at $44.89 via pre-arranged 10b5-1 plan adopted June 2025.

Sandford Helene Gail, a director of Rigetti Computing, sold 62,000 shares (62.0K shares) valued at $2,782,888.60 ($2.8M) on 2025-10-17 at $44.89 per share. This sale reduced her holdings by 34.0% from 182,371 shares to 120,371 shares. The transaction was executed under a pre-arranged 10b5-1 trading plan adopted on 2025-06-12, meaning the sale was scheduled rather than discretionary. As a Rule 10b5-1 transaction, this represents a contractually programmed trade executed according to a predetermined schedule established months prior to execution.

Director Johnson Ray O sold 126,295 shares of RGTI at $20.00 on 2025-09-12 via pre-arranged 10b5-1 plan; post-sale holdings: 293,461 shares.

Director Johnson Ray O executed a sale of 126,295 shares at $20.00 under a 10b5-1 trading plan adopted on 2025-03-12, reducing his position from 419,756 shares to 293,461 shares (a reduction of -30.1% vs pre-transaction holdings). As this transaction is part of a pre-arranged schedule established in March 2025, the sale reflects the plan's mechanical execution rather than a discretionary trading decision. The filing provides no context regarding valuation conditions, market outlook, or strategic positioning at the time of sale initiation; the scheduled nature precludes standard timing-based inference.

Director Clifton Michael S. sells 75,000 RGTI shares for $1,425,150.00 across 2 transactions; holds 653,766 post-trade.

Clifton Michael S., a director at Rigetti Computing, executed two separate sales totaling 75,000 shares for $1,425,150.00 on September 12, 2025, reducing his holdings by 10.3% to 653,766 shares. The sales occurred at $17.00 and $20.00 per share, with a blended average price of $19.00, very close to the current price of $19.21. Against a backdrop of deteriorating fundamentals—the company reported quarterly revenue of $1,801,000.00 and annual net income of $-39,654,000.00, with annual revenue declining 10.1% year-over-year—this substantial open-market sale by a board member represents the liquidation of a material position. The director's cross-ticker track record shows only 1 prior sell, limiting the predictive value of his past timing patterns at other securities; same-ticker history is also minimal with only one prior sale on 2025-09-09, so no meaningful historical baseline exists for assessing his timing accuracy at Rigetti specifically.

Director Iannotti sells 100,000 RGTI shares ($2.0M) at $19.50 under 10b5-1 plan; holdings drop to 14.9K shares

Director Thomas J Iannotti sold 100,000 shares (100.0K shares) of Rigetti Computing for $1,950,020.00 ($2.0M) at $19.50 on 2025-09-12, reducing his holdings from 114,902 shares (114.9K shares) to 14,902 shares (14.9K shares)—a decline of -87.0% relative to pre-transaction holdings. This transaction was executed under a 10b5-1 trading plan adopted on 2025-05-15, meaning it was scheduled rather than discretionary. The substantial reduction in his stake represents a material change in insider exposure to the company, though the pre-arranged nature of the plan establishes that timing was determined by plan rules rather than current market conditions or operational developments.