RGTI Rigetti Computing, Inc. Insider Trading

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.

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.