Rigetti Computing CEO Sells 120,000 Shares for $1.9 Million After Signing an Agreement with the U.S. Government
The full-stack quantum computing company reported a notable insider stock sale amid an 8% decline in share price over the past 12 months.
Overview
Subodh K. Kulkarni, President and Chief Executive Officer of Rigetti Computing, Inc. (NASDAQ:RGTI), sold 120,000 shares of common stock on September 9, 2026, for approximately $1.9 million, according to the SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($15.68); post-transaction value based on September 09, 2026 market close ($15.24).
Details
Rigetti Computing operates as a full-stack quantum computing enterprise with a market cap of $5 billion, leveraging its proprietary superconducting quantum processor technology and cloud delivery model to address the nascent but rapidly expanding quantum computing market.
Source
Originally published at www.fool.com.