Rigetti Computing Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Subodh Kulkarni

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage	1.1%
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Feb 28

Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Nov 11

Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

May 19

CEO Compensation Analysis

How has Subodh Kulkarni's remuneration changed compared to Rigetti Computing's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$75m
Sep 30 2023	n/a	n/a	-US$85m
Jun 30 2023	n/a	n/a	-US$82m
Mar 31 2023	n/a	n/a	-US$77m
Dec 31 2022	US$2m	US$17k	-US$72m

Compensation vs Market: Subodh's total compensation ($USD1.54M) is about average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Insufficient data to compare Subodh's compensation with company performance.

CEO

Subodh Kulkarni (58 yo)

1.3yrs

Tenure

US$1,544,594

Compensation

Dr. Subodh K. Kulkarni, Ph.D. serves as Chief Executive Officer and President of Rigetti Computing, Inc. from December 12, 2022 and serves as its Director since December 15, 2022. He had been the Chief Exe...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Subodh Kulkarni	CEO, President & Director	1.3yrs	US$1.54m	no data
Richard Danis	General Counsel & Corporate Secretary	2.1yrs	US$3.08m	0.53% $ 1.1m
Jeffrey Bertelsen	Chief Financial Officer	1.2yrs	no data	no data
David Rivas	Chief Technology Officer	1.2yrs	no data	0.095% $ 200.7k
Jackie Kaweck	Senior Vice President of Human Resources	2.7yrs	no data	no data
Mike Pelstring	Senior Vice President of Engineering	no data	no data	no data
Andrew Bestwick	Senior Vice President of Quantum Systems	less than a year	no data	no data

1.3yrs

Average Tenure

59yo

Average Age

Experienced Management: RGTI's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Subodh Kulkarni	CEO, President & Director	1.3yrs	US$1.54m	no data
David Cowan	Independent Director	2.1yrs	US$387.07k	0.024% $ 51.4k
Cathy McCarthy	Independent Director	2.1yrs	US$496.41k	0.0018% $ 3.8k
Ray Johnson	Independent Director	2.1yrs	US$393.32k	0.038% $ 80.3k
Thomas Iannotti	Chairman of the Board of Director	less than a year	no data	no data
Michael Clifton	Independent Director	2.1yrs	US$388.32k	0.69% $ 1.5m
Alissa Fitzgerald	Independent Director	2.1yrs	US$474.15k	0% $ 0
H. Sandford	Independent Director	2.1yrs	US$390.57k	0.024% $ 51.4k

2.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: RGTI's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Rigetti Computing Management

Management criteria checks 1/4

Key information

Recent management updates

General Counsel & Corporate Secretary recently sold US$91k worth of stock

Independent Director exercised options and sold US$52k worth of stock

Independent Director notifies of intention to sell stock

Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the Board of Directors

Independent Chair of the Board recently sold US$451k worth of stock

Independent Director notifies of intention to sell stock

Recent updates

Rigetti Computing, Inc. Launches the Novera™? QPU Partner Program

Consensus EPS estimates upgraded to US$0.41 loss

General Counsel & Corporate Secretary recently sold US$91k worth of stock

New major risk - Share price stability

Rigetti Computing, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

Rigetti Computing, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.

Rigetti Computing, Inc. to Report Q4, 2023 Results on Mar 14, 2024

Independent Director exercised options and sold US$52k worth of stock

Independent Director notifies of intention to sell stock

Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Rigetti Computing, Inc Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs

Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the Board of Directors

Rigetti Computing, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Independent Chair of the Board recently sold US$451k worth of stock

Consensus estimates of losses per share improve by 14%

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Rigetti Computing, Inc. to Report Q2, 2023 Results on Aug 10, 2023

Rigetti Computing Regains Compliance with the Bid Price Rule

Independent Director notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

Consensus revenue estimates decrease by 17%, EPS upgraded

First quarter 2023 earnings: EPS and revenues miss analyst expectations

High number of new and inexperienced directors

Rigetti Computing, Inc. Reduces its Headcount by Approximately 28% of Overall Staff

Rigetti Computing, Inc. Appoints Subodh Kulkarni to the Board

Rigetti Computing, Inc. Appoints Dr. Subodh Kulkarni as Chief Executive Officer

Rigetti Computing, Inc. Provides Revenue Guidance for Fiscal Year 2022

Rigetti Computing, Inc. Appoints Rick Danis as Interim President

Rigetti Computing, Inc. announced delayed 10-Q filing

Price target decreased to US$9.50

Rigetti Computing, Inc. Announces Resignation of Chad Rigetti as President and Director on the Company’s Board of Directors, Effective December 15, 2022

Rigetti Computing, Inc. Announces Resignation of Chad Rigetti as Chief Executive Officer

Rigetti Computing, Inc. to Report Q3, 2022 Results on Nov 14, 2022

Rigetti Computing Matches IBM By Producing Deep Red

Rigetti announces new partnerships

Rigetti Computing, Inc. Expands QCS™ Availability to Microsoft’s Azure Quantum Platform

Chief Financial Officer recently sold US$274k worth of stock

High number of new and inexperienced directors

Rigetti Computing, Inc. announced that it expects to receive $75 million in funding from B. Riley Principal Capital II, LLC

Second quarter 2022 earnings released: US$0.087 loss per share (vs US$0.43 loss in 2Q 2021)

Rigetti Computing, Inc. Provides Revenue Guidance for the Fiscal Year 2022

Deutsche Bank initiates coverage on Rigetti Computing with buy rating

Rigetti Computing, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Rigetti Computing, Inc. Announces Chairperson Transition

Rigetti Computing board chairman to step down

Founder recently sold US$1.4m worth of stock

First quarter 2022 earnings released: US$0.20 loss per share (vs US$0.43 loss in 1Q 2021)

Rigetti Computing, Inc. Provides Financial Guidance for Fiscal Year 2022

Rigetti Computing, Inc. to Report Q1, 2022 Results on May 16, 2022

Rigetti Computing, Inc. Announces Departure of Taryn Naidu as Chief Operating Officer

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Independent Director recently bought US$625k worth of stock

Rigetti & Co, Inc. completed the acquisition of Supernova Partners Acquisition Company II, Ltd. (NYSE:SNII) from a group of shareholders in a reverse merger transaction.

CEO Compensation Analysis

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