Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
| Rigetti Computing, Inc. | ||
| (Name of Issuer) | ||
| Common Stock, $0.0001 par value per share | ||
| (Title of Class of Securities) | ||
| 76655K 103 | ||
| (CUSIP Number) | ||
| Chad Rigetti c/o Rigetti Computing, Inc. 775 Heinz Avenue Berkeley, CA 94710 (510) 210-5550 |
||
| (Name, Address and Telephone Number of Person Authorized to | ||
| Receive Notices and Communications) | ||
| January 25, 2023 | ||
| (Date of Event which Requires Filing of this Statement) | ||
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 76655K 103
|
13D | Page 2 of 5 Pages |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||
| Chad Rigetti | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | ||
| (see instructions) | (a) | ☐ | |
| (b) | ☐ | ||
| 3 | SEC USE ONLY | ||
| 4 | SOURCE OF FUNDS* (see instructions) | ||
| OO | |||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED | ||
| PURSUANT TO ITEMS 2(d) OR 2(e) | ☐ | ||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
| United States | |||
| 7 | SOLE VOTING POWER | ||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
6,144,379(1) | ||
| 8 | SHARED VOTING POWER | ||
| 0 | |||
| 9 | SOLE DISPOSITIVE POWER | ||
| 6,144,379 (1) | |||
| 10 |
SHARED DISPOSITIVE POWER 0 | ||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||
| 6,144,379 (1) | ||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | |||
| (see instructions) | ☐ | |||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |||
| 5.0%(2) | ||||
| 14 | TYPE OF REPORTING PERSON* (see instructions) | |||
| IN | ||||
| (1) | Includes 2,669,371 shares issuable upon exercise of options which are exercisable within 60 days of January 25, 2023. | |||
| (2) | This percentage is calculated based upon 123,030,054 shares of common stock outstanding as of November 18, 2022. | |||
CUSIP No. 76655K 103 |
13D | Page 3 of 5 Pages |
INTRODUCTION
This Amendment No. 4 to Schedule 13D (“Amendment No. 4”) is being filed as an amendment to the statement on Schedule 13D relating to common stock, par value $0.0001 per share (the “Common Stock”) of Rigetti Computing, Inc., a Delaware corporation (the “Issuer”), as filed with the Securities and Exchange Commission (the “SEC”) on March 14, 2022, as amended on August 20, 2022, August 30, 2022, and January 11, 2023 (collectively the “Prior Schedule 13D”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to the terms in the Prior Schedule 13D. The Prior Schedule 13D is hereby amended and supplemented as follows and, except as expressly amended below, the Prior Schedule 13D remains in full force and effect.
CUSIP No. 76655K 103 |
13D | Page 4 of 5 Pages |
| Item 5. Interest in Securities of the Issuer. | ||
|
Item 5 of the Prior Schedule 13D is hereby amended and restated in its entirety as follows:
| ||
| (a) | The Reporting Person beneficially owns 6,144,379 shares of Common Stock of the Issuer, which represents approximately 5.0% of the Issuer’s Common Stock, based on 123,030,054 shares of Common Stock outstanding as of November 18, 2022. | |
| (b) | The Reporting Person has sole power to vote or direct the vote, and dispose or direct the disposition, of all of the shares of Common Stock that he beneficially holds. | |
| (c) |
Effective as of December 16, 2022, Piper Sandler & Co. was appointed to sell shares of Common Stock of the Issuer, subject to certain conditions and restrictions including, among others, price- and volume-based parameters, and the Reporting Person’s existing 10b5-1 plan was terminated.
The Reporting Person has undertaken the following transactions of the Issuer’s Common Stock within the past 60 days: | |
| Trade Date | Settlement Date | Shares Sold | Price |
| 12/16/2022 | 12/20/2022 | 490,987 | $0.9065 |
| 12/19/2022 | 12/21/2022 | 30,900 | $0.8914 |
| 12/21/2022 | 12/23/2022 | 29,091 | $0.8515 |
| 12/23/2022 | 12/28/2022 | 10,664 | $0.8500 |
| 12/27/2022 | 12/29/2022 | 16,006 | $0.7009 |
| 12/28/2022 | 12/30/2022 | 17,251 | $0.7104 |
| 12/29/2022 | 1/3/2023 | 106,079 | $0.7133 |
| 12/30/2022 | 1/4/2023 | 112,500 | $0.7238 |
| 1/3/2023 | 1/5/2023 | 67,000 | $0.7280 |
| 1/4/2023 | 1/6/2023 | 130,500 | $0.7873 |
| 1/5/2023 | 1/9/2023 | 40,000 | $0.7831 |
| 1/6/2023 | 1/10/2023 | 61,022 | $0.7733 |
| 1/9/2023 | 1/11/2023 | 78,000 | $0.7704 |
| 1/10/2023 | 1/12/2023 | 52,000 | $0.7676 |
| 1/11/2023 | 1/13/2023 | 138,000 | $0.7909 |
| 1/12/2023 | 1/17/2023 | 166,035 | $0.8210 |
| 1/13/2023 | 1/18/2023 | 137,670 | $0.9225 |
| 1/17/2023 | 1/19/2023 | 146,295 | $0.9838 |
| 1/18/2023 | 1/20/2023 | 78,900 | $0.9776 |
| 1/19/2023 | 1/23/2023 | 38,966 | $0.8754 |
| 1/20/2023 | 1/24/2023 | 46,719 | $0.8782 |
| 1/23/2023 | 1/25/2023 | 54,000 | $0.8813 |
| 1/24/2023 | 1/26/2023 | 24,286 | $0.8739 |
| 1/25/2023 | 1/27/2023 | 64,198 | $0.8183 |
| As of January 25, 2023, the Reporting Person beneficially owned 6,144,379 shares of Common Stock, including 2,669,371 shares issuable upon exercise of options which are exercisable within 60 days of January 25, 2023. | ||
| (d) |
To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Person. | |
| (e) | On January 25, 2023, the Reporting Person ceased to be a beneficial owner of more than five percent of the Issuer’s Common Stock based on the number of shares of Common Stock outstanding as reported by the Issuer as of November 18, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended September 30, 2022, filed with the Securities and Exchange Commission on November 22, 2022. | |
CUSIP No. 76655K 103 |
13D | Page 5 of 5 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| /s/ Chad Rigetti | |
| CHAD RIGETTI | |
| (Title) | |
| January 25, 2023 | |
| (Date) |