Rigetti COO David Rivas Sells 9,038 Shares for $152,000 to Cover RSU Taxes

2 articles · Updated · Yahoo Finance · Aug 23

9,038 Rigetti shares were sold by COO David Rivas on Aug. 20 for about $152,000, according to an SEC Form 4 filing.
The sale was non-discretionary and executed solely to satisfy tax withholding tied to restricted stock unit vesting, rather than a voluntary reduction in exposure.
316,907 shares remain in Rivas' direct holdings after the transaction, leaving him with a stake worth about $5.1 million and roughly 0.0953% of the company.
Rigetti closed at $16.07 on Aug. 20, and the quantum-computing company had a market value of about $5.7 billion despite trailing-12-month revenue of $13.4 million and a net loss of $238.7 million.
The filing comes as Rigetti pursues growth in quantum hardware and cloud services, with second-quarter revenue rising to $5.1 million from $1.8 million a year earlier.