
Their main argument? "Don't worry, little guy (read:exit liquidity). The C-suite still has a meaningful stake because they have millions in unvested shares. They're still aligned with you!"
Let me break down why that's the biggest load of bovine excrement I've seen all week.
THE "UNVESTED SHARES" LIE
Let's get one thing straight: UNVESTED SHARES ARE MONOPOLY MONEY.
They are not liquid. You can't sell them. You can't buy tendies with them. They are a promise that only pays out IF you stick around and the stock doesn't crater. It's the ultimate "free" look-good option for a CEO. "Oh, I'm still aligned!" Bro, you're aligned with your golden parachute, not my portfolio.
An unvested share is a lottery ticket that you can't cash. It's a classic media trick to distract you from what's actually happening.
THE ONLY THING THAT MATTERS: VESTED SHARES
The ONLY metric that shows true confidence is what an executive can sell TODAY. Their liquid, vested shares. What they do with those shares tells you everything you need to know about their true feelings.
Here is the full breakdown of the CEO's stock activity. Pay close attention to that last column.
RGTI CEO Stock Activity Summary
Notes:
¹ 2024 Grant Value (GDFV): The Grant Date Fair Value of RSUs awarded in 2024.
² Remaining Unvested Shares: An estimate of shares granted but not yet earned.
³ Total Shares Granted (Est.): An estimated total of all shares granted to the executive.
THE REAL STORY: A COORDINATED EXIT
Read that last column again. That's the kill shot.
The CEO, sold over $12.5 million in stock. He dumped 81.7% of his entire liquid stake. The guy running the company has almost nothing left to sell. He is not "aligned." He has EXITED his position and is now just a highly paid babysitter.
And he's not alone. A similar analysis shows others in the C-suite have also sold over 50% of what they could as the RGTI stock price climbed this year. We also see a lot of Directors and Investors selling since late last year also:
This isn't "portfolio diversification. This is a coordinated CASH GRAB. The 3 most important people at the company, the ones with all the inside information, have collectively taken nearly $22 million off the table in 2025.
They used the meme stock run-up as their personal ATM.
Barron's can talk about "long-term alignment" all they want. The C-suite's ACTIONS scream "GET OUT."
If there was any journalistic standard in financial reporting (there hasn't been, the financial press has been freely used to adjust public opinion) – it is clear that Barron's isn't meeting the bar.
Holding RGTZ w trembling fingers after today's grift roller-coaster.
*Not financial advice, I'm just a random dude on the internet who can read a 14A.*
edit: TL;DR: Barron's = shill, C-suite + Dirs + Investors selling RGTI to get out.
