Subodh K Kulkarni

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.

Rigetti CEO Kulkarni sells entire 1,000,000 share stake for $12,004,400.00 (100% of holdings), stock now -45.2% from 52-week high.

Kulkarni Subodh K, President and CEO of Rigetti Computing, liquidated his entire 1,000,000 share position on 2025-05-20 at $12.00/share for a total value of $12,004,400.00, leaving zero shares post-transaction. This complete exit by the top executive occurs against a mixed backdrop: the stock has fallen -45.2% from its 52-week high of $20.00 but rebounded +35.1% over the prior 30 days, creating a timing dynamic worth examining. The broader business picture reveals tension—while the latest quarterly revenue was only $1,472,000.00, the company reported $42,619,000.00 in net income for the period, though the full fiscal year was unprofitable with annual revenue declining -10.1% year-over-year and market cap at $3,181,938,863.44. The total liquidation of the CEO's entire stake by definition signals his equity position carries no further value expectation in his view, which is material context for investors evaluating the company's near-term prospects.