Andrew Joseph Bestwick, Chief Technology Officer of Rigetti Computing, Inc. (NASDAQ:RGTI), filed a Form 4 on August 20, 2026, reporting two transactions in the company's common stock dated August 18 and August 20, 2026.

Key Highlights

  • RSU Award: Bestwick received an award of 750,000 restricted stock units (RSUs) on August 18, 2026, at a price of $0, with each RSU representing a contingent right to receive one share of common stock upon settlement.
  • Vesting Schedule: According to the filing, one-sixteenth (1/16th) of the RSUs will vest on the 20th day of the middle month of each quarter, commencing November 20, 2026, subject to continuous service.
  • Shares Sold: On August 20, 2026, Bestwick disposed of 5,791 shares at a weighted average price of $16.8053, with individual sale prices ranging from $16.63 to $16.965.
  • Sale Purpose: The filing describes the sales as "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 RSUs."
  • Remaining Ownership: Following the reported transactions, Bestwick directly holds 1,036,121 shares of common stock.

RSU Grant and Tax-Related Sale for Rigetti Computing's CTO

According to the Form 4 filed with the SEC, Andrew Joseph Bestwick, serving as Chief Technology Officer of Rigetti Computing, Inc. (NASDAQ:RGTI), reported two separate transactions in the company's common stock. On August 18, 2026, Bestwick acquired 750,000 RSUs at a stated price of $0. The filing notes that each RSU represents a contingent right to receive one share of the issuer's common stock upon settlement, and that vesting begins November 20, 2026, on a quarterly schedule of 1/16th per installment.

Two days later, on August 20, 2026, the filing records a sale of 5,791 shares at a weighted average price of $16.8053. The filing specifies that these shares were sold across multiple transactions at prices ranging from $16.63 to $16.965, inclusive. The filing characterizes these sales as nondiscretionary, executed to satisfy tax withholding obligations connected to RSU settlement. Bestwick undertakes to provide full pricing detail per share upon request to the issuer, any security holder, or SEC staff.

Prior to the RSU award, the filing implies Bestwick held 291,912 shares directly, as the post-award total is listed as 1,041,912 shares before the 5,791-share sale. After the sale, his direct beneficial ownership stands at 1,036,121 shares, according to the filing. The Form 4 was signed by Jeffrey Bertelsen as Attorney-in-Fact on August 20, 2026.

What Was Disclosed

The filing reported an RSU grant of 750,000 units to Rigetti Computing's CTO on August 18, 2026, and a nondiscretionary sale of 5,791 shares on August 20, 2026, at a weighted average of $16.8053, resulting in direct ownership of 1,036,121 shares.