Rigetti Computing CEO Sells Shares After U.S. Government Agreement
On September 9, 2026, Subodh K. Kulkarni, CEO of Rigetti Computing (ticker: RGTI), sold 120,000 shares for $1.9 million under a Rule 10b5-1 trading plan. The transaction followed the exercise of 150,000 stock options at $0.96 per share and was executed as part of a pre-established liquidity strategy unrelated to immediate market conditions or insider knowledge. The sale occurred one day after Rigetti announced an agreement with the U.S. Department of Commerce for $100 million in federal funding. Despite this positive development, Kulkarni's stock disposal appears coincidental and non-discretionary. Post-transaction, he holds 140,411 shares valued at approximately $2.14 million based on market close prices. Rigetti Computing operates as a full-stack quantum computing provider with a current market cap of $5 billion. The company reported revenue of $13.4 million in the trailing twelve months but posted a net loss of $238.7 million during that period.
Tickers: $RGTI
Topics: executive sale SEC filing stock price