The dollar value of this insider sales cluster is immaterial relative to RGTI's $8.8B market cap, rendering it a non-event from a trading standpoint. The anomalous $10.00 price on Clifton's trade warrants checking for data errors, but the other two sales at ~$22.95 are small and liquidity-driven. Ignore for trading decisions; focus instead on upcoming operational catalysts (earnings, quantum computing contracts, capital raises) which carry order-of-magnitude larger price impact potential.
Price Chart
Executive Summary
Three insider sales totaling $930K in a 7-day window, including CFO Bertelsen (3,669 shares, $84K), CTO Rivas (18,729 shares, $430K), and Director Clifton (50,000 shares, $500K) — the latter at $10.00, well below the others at ~$22.94. At a $8.8B market cap, the cluster is just 0.01% of market cap, falling in the trivial proportionality band. Multiple cross-filing amplifiers fire (cluster + agreement, offering, press, late-filing, earnings, restatement contexts), but the raw dollar amount is economically negligible for a company of this size.
Key Financial Metrics
Key Facts
- Three open-market sales by three insiders: Director Clifton (50K shares @ $10.00), CTO Rivas (18.7K shares @ $22.95), CFO Bertelsen (3.7K shares @ $22.94)
- Total cluster value ~$930K, representing ~0.01% of $8.8B market cap — well below the 0.1% triviality threshold
- No 10b5-1 pattern data provided, but Clifton's trade at $10.00 vs. current ~$22.95 suggests a potential outlier — may be misdated, pre-split, or a reference trade from an earlier period
- All trades are code 'S' (open-market sale) with no offsetting open-market purchases in the cluster
- Despite multiple cross-filing amplifier activations (cluster + agreement, offering, press, late-filing, earnings, restatement contexts), the trivial dollar amount prevents a higher impact score
- Historical performance on RGTI reports shows 0% win rate at T+20 with average alpha of -15.87%, indicating the model has been over-scoring this name
Financial Impact
Total insider sales of ~$930K, or ~0.01% of market cap — economically trivial
Risk Factors
- Even though the cluster is small, the historical calibration suggests any single event is equally likely to see a negative T+20 outcome (win rate 0% in last 5 settled reports, avg alpha -15.87%)
- Clifton's large block at $10.00 could be a misdated trade or a pre-split reference — if it's a recent high-volume execute, it could indicate a material sale not fully captured in the dollar value
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RGTI-1779827789756 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Insider Cluster | $15.16 $15.99 | ▼ −5.47% | ▼ −5.97% | $15.59 (−2.84%) |
Sep 8, 2026 24d ago | 8-K | $15.81 $15.27 | ▼ −3.42% | ▼ −2.75% | $15.59 (−1.39%) |
Aug 20, 2026 6w ago | Insider Cluster | $17.91 $15.59 | ▲ +12.95% | ▲ +13.43% | $15.59 (+12.95%) |
Aug 20, 2026 6w ago | 8-K | $16.07 $16.44 | ▲ +2.33% | ▲ +1.22% | $15.59 (−2.96%) |
Jun 22, 2026 14w ago | 144 | $21.28 $19.44 | ▼ −8.65% | ▼ −9.66% | $15.59 (−26.74%) |
Jun 16, 2026 15w ago | Insider Cluster | $20.64 $21.28 | ▲ +3.10% | ▲ +5.33% | $15.59 (−24.47%) |
Jun 11, 2026 16w ago | Institutional Cluster | $20.63 $20.25 | ▼ −1.87% | ▼ −2.30% | $15.59 (−24.43%) |
Jun 10, 2026 16w ago | Insider Cluster | $19.45 $20.64 | ▼ −6.15% | ▼ −2.71% | $15.59 (+19.83%) |
May 26, 2026 18w ago | Insider Cluster | $24.62 $26.88 | ▲ +9.18% | ▲ +7.97% | $15.59 (−36.68%) |
May 21, 2026 19w ago | Press Release | $22.04 $27.03 | ▲ +22.64% | ▲ +21.04% | $15.59 (−29.26%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access