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Companies Rigetti Computing, Inc.

Rigetti Computing (RGTI): executive pay, fiscal 2025

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CEO total pay$636,222CEO Subodh Kulkarni · source

CEO pay, last three years

  • $2,066,690FY2023
  • $2,261,211FY2024
  • $636,222FY2025

CEO total pay was $636,222 in fiscal 2025, down from $2,261,211 in fiscal 2024.

FY2025: salary $635,748 · bonus $0 · stock awards $0 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Rigetti Computing, Inc. in fiscal 2025?
As disclosed, David Rivas (Chief Technology Officer) was the highest-paid executive at Rigetti Computing, Inc. in fiscal 2025, with total compensation of $1,957,402.
How much does Rigetti Computing, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Rigetti Computing, Inc. reported total board compensation of $1,202,843 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Rivas$374,928$0$1,582,000$0$0$0$474$1,957,402
Chief Technology Officer
Jeffrey Bertelsen326,02501,582,0000004741,908,499
Chief Financial Officer
Subodh Kulkarni635,74800000474636,222
President and Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
David Rivas$1,957,402$1,513,355$788,736↑ +444,047
Jeffrey Bertelsen1,908,4991,300,886—↑ +607,613
Subodh Kulkarni636,2222,261,2112,066,690↓ −1,624,989

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Base salaries for our named executive officers have generally been set at levels necessary to attract and retain individuals with superior talent.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)—
Independent consultantCompensia
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey BertelsenRSU—————$1,582,000
David RivasRSU—————1,582,000

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Bertelsen$1,582,000$0$00.0%
David Rivas1,582,000000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David RivasRSU1,081—$23,944
David RivasRSU1,988—44,034
David RivasRSU2,773—61,422
David RivasRSU62,500—1,384,375
Jeffrey BertelsenOption145,8340.6—
David RivasRSU162,500—3,599,375
Jeffrey BertelsenRSU162,500—3,599,375
Jeffrey BertelsenOption281,2512.03—
Subodh KulkarniOption305,5561.05—
Subodh KulkarniOption638,8901.41—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas J. IannottiIndependent · Board Chair · Compensation · Nominating/Governance$112,000$167,498$0$0$0$279,498
Michael CliftonIndependent · Audit (Chair) · Nominating/Governance60,777167,498000228,275
H. Gail SandfordIndependent · Audit · Nominating/Governance (Chair) · Not standing for re-election58,275167,498000225,773
Ray JohnsonIndependent · Audit · Compensation (Chair)54,650167,498000222,148
Alissa M. FitzgeraldIndependent · Audit · Compensation54,613167,498000222,111
Cathy McCarthyIndependent · Audit · Departed during FY25,038000025,038
Subodh KulkarniEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$167,500
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$365,353
Equity awards (grant-date value)$837,490
All other compensation$0
Total cost of the board$1,202,843

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Rigetti Computing as a peer

Companies that benchmark against RGTI

4 companies name RGTI as a compensation peer

Each company listed discloses RGTI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RGTI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Rigetti Computing, Inc.2025Subodh Kulkarni$635,748$0$0$0$636,222

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael CliftonDirector2026-05-21D50,000$10$500,000Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-22D18,72923429,874CommonForm 4 ↗
David RivasChief Technology Officer2026-05-22D3026769CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-05-22D3,6692384,156CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-05-22D1326333CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D33,49000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D111,11100Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D70,00000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D43,190261,132,839CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A33,490147,221CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A70,000167,466CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A111,1111116,667CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D499,3282512,680,934CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D3,54100Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-29—393——1 insider, 1 accrual row
David RivasChief Technology Officer2026-05-29D33,05300Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A3930107CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A3,5410963CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A75,131020,436CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D75,13100Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A33,05308,990CommonForm 4 ↗
Subodh KulkarniDirector2026-06-01D61,000241,487,064CommonForm 4 ↗
Michael CliftonDirector2026-06-02D3,1441650,304Derivative, Class A CommonForm 4 ↗
Michael CliftonDirector2026-06-03D54,01216864,192Derivative, Class A CommonForm 4 ↗
Ray JohnsonDirector2026-06-08D5,97122129,953CommonForm 4 ↗
Ray JohnsonDirector2026-06-08D116,217212,472,889CommonForm 4 ↗
Michael CliftonDirector2026-06-09A9,20800RSUForm 4 ↗
Alissa M. FitzgeraldDirector2026-06-09A9,20800RSUForm 4 ↗
Thomas J. IannottiDirector2026-06-09A9,20800RSUForm 4 ↗
Ray JohnsonDirector2026-06-09A9,20800RSUForm 4 ↗
Michael CliftonDirector2026-06-12D4,3611147,560Derivative, Class A CommonForm 4 ↗
Michael CliftonDirector2026-06-15D94,733121,136,796Derivative, Class A CommonForm 4 ↗
Ray JohnsonDirector2026-06-22D84,944211,745,242CommonForm 4 ↗
Andrew Joseph BestwickChief Technology Officer2026-08-18A750,00000CommonForm 4 ↗
David RivasChief Operating Officer2026-08-20D9,03817151,734CommonForm 4 ↗
Andrew Joseph BestwickChief Technology Officer2026-08-20D5,7911797,319CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-08-20D3,8601765,187CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03D25,00015375,010CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03D25,00000Derivative, Class A CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03A25,000115,000CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09D150,00000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09D120,000161,882,104CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09A150,0001144,570CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 43 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael CliftonDirector2026-05-21D50,000$10$500,000Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-22D18,72923429,874CommonForm 4 ↗
David RivasChief Technology Officer2026-05-22D3026769CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-05-22D3,6692384,156CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-05-22D1326333CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D33,49000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D111,11100Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D70,00000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28D43,190261,132,839CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A33,490147,221CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A70,000167,466CommonForm 4 ↗
Subodh KulkarniDirector2026-05-28A111,1111116,667CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D499,3282512,680,934CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D3,54100Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D39300Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D33,05300Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A3930107CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A3,5410963CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A75,131020,436CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29D75,13100Derivative, Class A CommonForm 4 ↗
David RivasChief Technology Officer2026-05-29A33,05308,990CommonForm 4 ↗
Subodh KulkarniDirector2026-06-01D61,000241,487,064CommonForm 4 ↗
Michael CliftonDirector2026-06-02D3,1441650,304Derivative, Class A CommonForm 4 ↗
Michael CliftonDirector2026-06-03D54,01216864,192Derivative, Class A CommonForm 4 ↗
Ray JohnsonDirector2026-06-08D5,97122129,953CommonForm 4 ↗
Ray JohnsonDirector2026-06-08D116,217212,472,889CommonForm 4 ↗
Michael CliftonDirector2026-06-09A9,20800RSUForm 4 ↗
Alissa M. FitzgeraldDirector2026-06-09A9,20800RSUForm 4 ↗
Thomas J. IannottiDirector2026-06-09A9,20800RSUForm 4 ↗
Ray JohnsonDirector2026-06-09A9,20800RSUForm 4 ↗
Michael CliftonDirector2026-06-12D4,3611147,560Derivative, Class A CommonForm 4 ↗
Michael CliftonDirector2026-06-15D94,733121,136,796Derivative, Class A CommonForm 4 ↗
Ray JohnsonDirector2026-06-22D84,944211,745,242CommonForm 4 ↗
Andrew Joseph BestwickChief Technology Officer2026-08-18A750,00000CommonForm 4 ↗
David RivasChief Operating Officer2026-08-20D9,03817151,734CommonForm 4 ↗
Andrew Joseph BestwickChief Technology Officer2026-08-20D5,7911797,319CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-08-20D3,8601765,187CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03D25,00015375,010CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03D25,00000Derivative, Class A CommonForm 4 ↗
Jeffrey BertelsenChief Financial Officer2026-09-03A25,000115,000CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09D150,00000Derivative, Class A CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09D120,000161,882,104CommonForm 4 ↗
Subodh KulkarniDirector2026-09-09A150,0001144,570CommonForm 4 ↗
Sources (60 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, David Rivas. DEF 14A, filed 2026-04-24. Section “Summary Compensation Table”. As printed: 1,957,402. View filing ↗
  • Section 01, Jeffrey Bertelsen. DEF 14A, filed 2026-04-24. Section “Summary Compensation Table”. As printed: 1,908,499. View filing ↗
  • Section 01, Subodh Kulkarni. DEF 14A, filed 2026-04-24. Section “Summary Compensation Table” · page 23. As printed: 636,222. View filing ↗
  • Section 03, Jeffrey Bertelsen RSU. DEF 14A, filed 2026-04-24. Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, David Rivas RSU. DEF 14A, filed 2026-04-24. Section “EXECUTIVE AND DIRECTOR COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. 10-K, filed 2026-03-04. Section “CEO Pay Ratio”. As printed: —. View filing ↗
  • Section 08, Thomas J. Iannotti. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 279,498. View filing ↗
  • Section 08, Michael Clifton. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 228,275. View filing ↗
  • Section 08, H. Gail Sandford. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 225,773. View filing ↗
  • Section 08, Ray Johnson. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 222,148. View filing ↗
  • Section 08, Alissa M. Fitzgerald. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 222,111. View filing ↗
  • Section 08, Cathy McCarthy. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 25,038. View filing ↗
  • Section 08, Subodh Kulkarni. DEF 14A, filed 2026-04-24. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Michael Clifton 2026-05-21. Form 4, filed 2026-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-05-22. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-05-29. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-06-01. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Clifton 2026-06-02. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Clifton 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ray Johnson 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ray Johnson 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Clifton 2026-06-09. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alissa M. Fitzgerald 2026-06-09. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Thomas J. Iannotti 2026-06-09. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ray Johnson 2026-06-09. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Clifton 2026-06-12. Form 4, filed 2026-06-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Clifton 2026-06-15. Form 4, filed 2026-06-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ray Johnson 2026-06-22. Form 4, filed 2026-06-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew Joseph Bestwick 2026-08-18. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David Rivas 2026-08-20. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew Joseph Bestwick 2026-08-20. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-08-20. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-09-03. Form 4, filed 2026-09-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-09-03. Form 4, filed 2026-09-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Bertelsen 2026-09-03. Form 4, filed 2026-09-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-09-09. Form 4, filed 2026-09-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-09-09. Form 4, filed 2026-09-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Subodh Kulkarni 2026-09-09. Form 4, filed 2026-09-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 365,353 + equity 837,490 + all other 0 = 1,202,843, summed across the director compensation table rows.
  • Rigetti Computing, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Rigetti Computing, Inc.'s own proxy. As printed: 636,222. View filing ↗
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