Dr. Alissa Fitzgerald sold 59,316 shares of Rigetti Computing on Jan. 2, 2026, for ~$1.3 million, representing 63.11% of her direct holdings. No indirect or derivative transactions were involved, and the sale exceeded her historical median trade size, indicating reduced capacity. The shares were sold at a weighted average price of $22.41 per share.

The sale of shares by Dr. Fitzgerald reduced her direct ownership by over 60% and was part of her Rule 10b5-1 trading plan. Rigetti Computing operates in the quantum computing sector, seeing a 151.49% price change in the past year. However, the company’s revenue declined, and the release of new systems was delayed, making it unattractive for investment.

Rigetti Computing develops quantum computers and processors, offering access through Quantum Cloud Services. With a market capitalization of $8.16 billion, the company targets enterprise, research, and government clients. Quantum computing presents opportunities for advanced problem-solving and innovation, despite technical challenges and revenue declines.

The weighted average sale price of $22.41 per share was 5% below the market close price on Jan. 2, 2026. Rigetti Computing’s stock price increased by 11.3% to $25.25 as of Jan. 8, 2026. Dr. Fitzgerald’s direct ownership decreased to 34,675 shares, approximately 9.3% of her holding from February 2024.

Read more at Yahoo Finance: Is Rigetti Computing Stock a Buy or Sell After a Director Dumped Shares Worth $1.3 Million?