Form 4 for RGTI Rigetti Computing, Inc.
Accepted 2023-03-31 00:00:00 ET · period of report 2023-03-30 · accession 0001209191-23-021954 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-03-31 | 2023-03-30 | RGTI | Rivas David | CTO | S - Sale | $0.56 | -19.6K | 309.3K | -6% | -$11.0K | |
| 2023-03-31 | 2023-03-30 | RGTI | Rivas David | CTO | A - Grant | $0.00 | +600.0K | 909.3K | +194% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-30 | S | D | 19,646 | $0.56 | 309,336 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.55 to $0.5749 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2023-03-30 | A | A | 600,000 | $0.00 | 909,336 | D | — | — | (F3) Represents a performance-based restricted stock unit ("PSU") award. The PSUs vest in 48 equal monthly installments commencing on February 20, 2023, subject to the Reporting Person's continuous service through each such vesting date (the "time-based vesting requirement"). In addition, the PSUs are subject to a performance-based vesting requirement (the "performance-based vesting requirement") that uses the Issuer's stock price as vesting hurdles over a five-year period. There are two vesting hurdles at $2 and $4 per share, with each hurdle price applying to 50% of the shares granted. A hurdle is met when the Issuer's closing trading stock price equals or exceeds the hurdle amount for any twenty (20) trading days during any consecutive thirty (30) trading day period. Any portion of the PSUs that has not satisfied the performance-based vesting requirement on or prior to the end of the five-year period will be forfeited without consideration. |