Quantum Computing Executives Liquidate Entire Warrant Holdings, Sell Shares Worth Billions

Michael S. Clifton, a director at U.S.–based quantum computing firm Rigetti Computing, Inc. (Nasdaq: RGTI), disposed of all his warrants in stages on June 2–3 and June 12–15, securing roughly $2.1 million (approximately KRW 3 billion) in cash and effectively exiting his warrant and related common-stock positions.

Board member Ray O. Johnson sold more than 80,000 common shares on June 22 for about $1.75 million (mid-KRW 2 billion range) under a prearranged Rule 10b5-1 trading plan. After the sale, his direct holdings fell to around 95,000 shares.

In its first-quarter 2026 results announced May 11, Rigetti reported revenue of about $4.4 million and GAAP net income of $33.1 million, citing the commercialization of its 108-qubit quantum system, Cepheus-1-108Q, as a key milestone. The company’s Indian subsidiary also secured an order worth approximately $8.4 million (around KRW 11 billion) to supply a 108-qubit quantum computer to India’s Centre for Development of Advanced Computing (C-DAC) under the Ministry of Electronics and Information Technology, furthering its overseas expansion.

Headquartered in Berkeley, California, Rigetti Computing develops superconducting quantum processors and offers its systems via its own cloud platform, as well as through Amazon Braket and Microsoft Azure. The recent series of insider sales by directors Ray O. Johnson and Michael S. Clifton has drawn investor attention to corporate governance and insider-ownership changes amid strong growth expectations for quantum computing.