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Filing Details

Accession Number:: 0001209191-23-021954
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-03-31 20:17:40
Reporting Period:: 2023-03-30

Accepted Time:: 2023-03-31 20:17:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1838359	Rigetti Computing Inc.	RGTI	Blank Checks (6770)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1910690	David Rivas	C/O Rigetti Computing, Inc. 775 Heinz Avenue Berkeley CA 94710	Chief Technology Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-03-30	19,646	$0.56	309,336	No	4	S	Direct
Common Stock	Acquisiton	2023-03-30	600,000	$0.00	909,336	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	Direct

Footnotes

The sales reported in this Form 4 represent nondiscretionary sales of shares required to be sold by the Reporting Person pursuant to sell to cover transactions to satisfy tax withholding obligations in connection with the settlement of restricted stock units.
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.
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.