Officer David Rivas Files Intent to Sell $12.7M in Rigetti Computing Stock
RGTI has more than doubled off its 52-week low of $10.3.
Summary
Rigetti Computing officer David Rivas filed a Form 144 indicating intent to sell approximately $12.7 million worth of common stock, following recent positive company news.
Key Events · Ownership and Investor Activity · RGTI
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Officer Files Intent to Sell
David Rivas, an officer of Rigetti Computing, Inc., filed a Form 144 indicating an intent to sell 499,328 shares of common stock.
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Significant Proposed Sale Value
The proposed sale has an approximate market value of $12,680,933.89 based on the current stock price.
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Shares Acquired Through Compensation
The shares intended for sale were acquired through stock option exercise and compensation between March 2025 and March 2026.
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Follows Recent Positive News
This intent to sell follows recent positive developments for the company, including strong Q1 2026 financial results, the general availability of its 108-qubit Cepheus-1 processor, and a Letter of Intent for up to $100 million in CHIPS Act funding.
Analysis · RGTI · Technology
An officer's intent to sell a significant amount of stock, valued at $12.7 million, can be viewed negatively by the market. This filing comes shortly after several positive company announcements, including strong Q1 2026 financial results and a Letter of Intent for up to $100 million in CHIPS Act funding. Such a sale could suggest profit-taking or a tempered outlook from an insider, potentially offsetting some of the recent positive sentiment.
At the time of this filing, RGTI was trading at $25.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $10.30 to $58.15. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.