RGTI Rigetti Computing, Inc.
Price Chart
Executive Summary
Three insider sales totaling $930K in a 7-day window, including CFO Bertelsen (3,669 shares, $84K), CTO Rivas (18,729 shares, $430K), and Director Clifton (50,000 shares, $500K) — the latter at $10.00, well below the others at ~$22.94. At a $8.8B market cap, the cluster is just 0.01% of market cap, falling in the trivial proportionality band. Multiple cross-filing amplifiers fire (cluster + agreement, offering, press, late-filing, earnings, restatement contexts), but the raw dollar amount is economically negligible for a company of this size.
Key Financial Metrics
Actionable Insight
The dollar value of this insider sales cluster is immaterial relative to RGTI's $8.8B market cap, rendering it a non-event from a trading standpoint. The anomalous $10.00 price on Clifton's trade warrants checking for data errors, but the other two sales at ~$22.95 are small and liquidity-driven. Ignore for trading decisions; focus instead on upcoming operational catalysts (earnings, quantum computing contracts, capital raises) which carry order-of-magnitude larger price impact potential.
Key Facts
- Three open-market sales by three insiders: Director Clifton (50K shares @ $10.00), CTO Rivas (18.7K shares @ $22.95), CFO Bertelsen (3.7K shares @ $22.94)
- Total cluster value ~$930K, representing ~0.01% of $8.8B market cap — well below the 0.1% triviality threshold
- No 10b5-1 pattern data provided, but Clifton's trade at $10.00 vs. current ~$22.95 suggests a potential outlier — may be misdated, pre-split, or a reference trade from an earlier period
- All trades are code 'S' (open-market sale) with no offsetting open-market purchases in the cluster
- Despite multiple cross-filing amplifier activations (cluster + agreement, offering, press, late-filing, earnings, restatement contexts), the trivial dollar amount prevents a higher impact score
- Historical performance on RGTI reports shows 0% win rate at T+20 with average alpha of -15.87%, indicating the model has been over-scoring this name
Financial Impact
Total insider sales of ~$930K, or ~0.01% of market cap — economically trivial
Risk Factors
- Even though the cluster is small, the historical calibration suggests any single event is equally likely to see a negative T+20 outcome (win rate 0% in last 5 settled reports, avg alpha -15.87%)
- Clifton's large block at $10.00 could be a misdated trade or a pre-split reference — if it's a recent high-volume execute, it could indicate a material sale not fully captured in the dollar value
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RGTI-1779827789756 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $20.00 awaiting T+5 | awaiting T+5 | — | $20.98 (+4.90%) |
|
Jun 10, 2026
2d ago
|
Insider Cluster
| $19.16 awaiting T+5 | awaiting T+5 | — | $20.98 (−9.50%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $24.62 $26.88 | ▲ +9.18% | ▲ +7.97% | $20.98 (−14.78%) |
|
May 21, 2026
22d ago
|
Press Release
| $22.04 $27.03 | ▲ +22.64% | ▲ +21.04% | $20.98 (−4.81%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $16.39 $17.70 | ▲ +7.99% | ▲ +6.30% | $20.98 (+28.00%) |
|
Mar 4, 2026
14w ago
|
8-K
| $16.97 $16.07 | ▼ −5.30% | ▼ −3.07% | $20.98 (+23.63%) |
|
Mar 4, 2026
14w ago
|
Press Release
| $16.97 $16.07 | ▼ −5.30% | ▼ −3.07% | $20.98 (+23.63%) |
US Market Status
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