Rocket Lab (RKLB) president sells 3,500 common shares in market
Rhea-AI Filing Summary
Rocket Lab Corp executive Marvin Bradford Clevenger, President of Rocket Lab USA, Inc, sold 3,500 shares of Common Stock in an open-market transaction on May 28, 2026. The weighted-average sale price was $146.6731 per share, across trades ranging from $146.60 to $146.78. After this sale, Clevenger directly holds 473,975 Rocket Lab shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,500 shares
Net Sell
1 txn
Insider
Clevenger Marvin Bradford
Role
President, Rocket Lab USA, Inc
Sold
3,500 shs ($513K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,500 | $146.6731 | $513K |
Holdings After Transaction:
Common Stock — 473,975 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $146.6000 to $146.7800. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 3,500 shares
Weighted-average sale price: $146.6731 per share
Price range of trades: $146.60–$146.78 per share
+2 more
5 metrics
Shares sold
3,500 shares
Open-market sale on May 28, 2026
Weighted-average sale price
$146.6731 per share
Common Stock sale on May 28, 2026
Price range of trades
$146.60–$146.78 per share
Individual executions within reported sale
Shares held after transaction
473,975 shares
Direct ownership following sale
Net shares sold
3,500 shares
Net buy/sell direction reported as net-sell
Key Terms
weighted-average price, open-market sale, Common Stock, Form 4
4 terms
weighted-average price financial
"The price reported in Column 4 is a weighted-average price."
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Rocket Lab (RKLB) report for Marvin Bradford Clevenger?
Rocket Lab reported that executive Marvin Bradford Clevenger sold 3,500 shares of Common Stock. The sale occurred on May 28, 2026, as an open-market transaction at a weighted-average price of $146.6731 per share, leaving him with 473,975 directly held shares.
What type of Rocket Lab (RKLB) insider transaction did Marvin Bradford Clevenger execute?
The transaction was an open-market sale of Common Stock. The Form 4 identifies the code as “S” for sale, describing it as a sale in open market or private transaction, with 3,500 shares sold on May 28, 2026 at a weighted-average price.
What does the weighted-average price mean in the Rocket Lab (RKLB) Form 4 for Marvin Bradford Clevenger?
The weighted-average price of $146.6731 reflects multiple trade executions. The footnote explains that the 3,500 shares were sold in several transactions at prices between $146.60 and $146.78, averaged to report a single price figure for the Form 4 disclosure.