Rigetti Computing CEO Sends $11 Million Warning to Wall Street

Rigetti Computing's CEO, Subodh Kulkarni, recently filed a Form 4 with the SEC revealing that he exercised options to purchase 1 million shares of Rigetti Computing stock at a strike price of $0.96 and sold them on the same day at an average price of $12 per share, booking a profit of about $11 million. This transaction indicates that Kulkarni is optimistic about Rigetti Computing's prospects and believes that the company's stock will continue to rise.