0001209191-23-021954.txt : 20230331
0001209191-23-021954.hdr.sgml : 20230331
20230331201740
ACCESSION NUMBER: 0001209191-23-021954
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230330
FILED AS OF DATE: 20230331
DATE AS OF CHANGE: 20230331
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rivas David
CENTRAL INDEX KEY: 0001910690
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40140
FILM NUMBER: 23790027
MAIL ADDRESS:
STREET 1: C/O RIGETTI & CO., INC
STREET 2: 775 HEINZ AVENUE
CITY: BERKELEY
STATE: CA
ZIP: 94701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Rigetti Computing, Inc.
CENTRAL INDEX KEY: 0001838359
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 775 HEINZ AVENUE
CITY: BERKELEY
STATE: CA
ZIP: 94710
BUSINESS PHONE: (510) 210-5550
MAIL ADDRESS:
STREET 1: 775 HEINZ AVENUE
CITY: BERKELEY
STATE: CA
ZIP: 94710
FORMER COMPANY:
FORMER CONFORMED NAME: Supernova Partners Acquisition Co II, Ltd.
DATE OF NAME CHANGE: 20201230
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-03-30
0
0001838359
Rigetti Computing, Inc.
RGTI
0001910690
Rivas David
C/O RIGETTI COMPUTING, INC.
775 HEINZ AVENUE
BERKELEY
CA
94710
0
1
0
0
Chief Technology Officer
0
Common Stock
2023-03-30
4
S
0
19646
0.56
D
309336
D
Common Stock
2023-03-30
4
A
0
600000
0.00
A
909336
D
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.
/s/ Rick Danis, Attorney-in-Fact
2023-03-31