Director McCarthy sells 150.0K shares at $8.00 of unprofitable RGTI; stock down -55.2% from 52-week high.
Director Cathy L McCarthy sold 150,000 shares (39.0% of her pre-transaction holdings) at $8.00 on 2025-03-11, leaving her with 234,234 shares. The sale occurs at a material distance from recent price action: the stock has fallen -55.2% from its 52-week high of $20.00 and is down -27.5% over the past 30 days, though it recovered +49.9% over 90 days. Rigetti is unprofitable with a net income of $-14,833,000.00 in its most recent full fiscal year, revenue of only $2,378,000.00 in the latest quarter, and annual revenue declining -10.1% year-over-year, despite carrying a $2.6B market cap. The scale of this sale—eliminating 39% of her position—represents a substantial reduction rather than routine portfolio activity.