Rocket Lab CFO Adam Spice sells 140,157 shares
The option's vesting schedule provided for one-quarter of shares to vest on the one-year anniversary, then 1/48 monthly, subject to continued service.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Rocket Lab Corp (RKLB) Chief Financial Officer Adam C. Spice exercised options covering 140,157 common shares on November 2, 2026, at an exercise price of $1.09 per share, and sold 140,157 shares in five reported transactions. The sales occurred automatically under a Rule 10b5-1 trading plan he adopted on June 3, 2026. The five weighted-average sale prices were $51.2804, $52.2638, $53.2884, $54.0728, and $54.7849 per share. After the exercise, his reported employee stock option position covered 2,102,354 shares; his reported holdings also include 250,000 common shares held indirectly by a trust.
Insider Trade Summary 10b5-1
Exercise and Sale: 140,157 shares ($7.25M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Spice Adam C.
Role
Chief Financial Officer
Sold
140,157 shs ($7.40M)
Approx. gross sale proceeds
$7.40M
Approx. exercise cost
$153K
Approx. pre-tax spread
$7.25M
Share of Position Sold
10.8%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F7 | 140,157 | $0.00 | $0.00 |
| Exercise | Common Stock | 140,157 | $1.09 | $153K |
| Sale | Common Stock F1, F2 | 47,554 | $51.2804 | $2.44M |
| Sale | Common Stock F1, F3 | 14,266 | $52.2638 | $746K |
| Sale | Common Stock F1, F4 | 33,681 | $53.2884 | $1.79M |
| Sale | Common Stock F1, F5 | 37,950 | $54.0728 | $2.05M |
| Sale | Common Stock F1, F6 | 6,706 | $54.7849 | $367K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 2,102,354 contracts (Direct);
Common Stock — 1,155,967 shares (Direct);
Common Stock — 250,000 shares (Indirect, by Trust)
Holdings Before and After:
Employee Stock Option (right to buy), 2,242,511 to 2,102,354 contracts (Direct);
Common Stock, 1,155,967 to 1,155,967 shares (Direct)
Footnotes (7)
- F1. Represents the sale of shares which occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 03, 2026.
- F2. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $50.7100 to $51.7000. 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.
- F3. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $51.7100 to $52.7000. 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.
- F4. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $52.7100 to $53.7000. 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.
- F5. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $53.7100 to $54.7000. 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.
- F6. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $54.7100 to $55.0000. 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.
- F7. The stock option was granted on August 3, 2018, and had a vesting commencement date of May 25, 2018. 1/4 of the shares subject to the stock option vest on the one year anniversary of the vesting commencement date, and 1/48 of the shares subject to the stock option vest on a monthly basis each month thereafter, subject, in each case, to the reporting person's continued service relationship through each applicable vesting date.
Key Figures
Shares acquired through option exercise: 140,157 shares
Option exercise price: $1.09 per share
Shares sold: 140,157 shares
+3 more
6 metrics
Shares acquired through option exercise
140,157 shares
November 2, 2026
Option exercise price
$1.09 per share
Option exercise on November 2, 2026
Shares sold
140,157 shares
Five reported transactions on November 2, 2026
Weighted-average sale prices
$51.2804, $52.2638, $53.2884, $54.0728, and $54.7849 per share
Five reported transactions on November 2, 2026
Shares underlying reported option position
2,102,354 shares
Reported following the exercise
Indirect common shares held by a trust
250,000 shares
Reported as of November 2, 2026
Key Terms
Rule 10b5-1 trading plan, weighted-average price, vesting commencement date, exercise price
4 terms
Rule 10b5-1 trading plan regulatory
"automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
vesting commencement date financial
"had a vesting commencement date of May 25, 2018"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
exercise price financial
"conversion_or_exercise_price: 1.0900"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting terms for Adam C. Spice's RKLB option?
The option was granted on August 3, 2018, with vesting commencing May 25, 2018. One-quarter of the shares vested on the one-year anniversary of the commencement date, followed by 1/48 monthly, subject to continued service through each applicable vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
