Rocket Lab president sells 15K shares in plan
Rocket Lab Corp (RKLB) reported that Marvin Bradford Clevenger, President of Rocket Lab USA, Inc., sold 15,051 shares of common stock on 2026-08-24 in three open-market transactions at weighted-average prices of $69.5345, $70.2023, and $71.1700 per share.
Rhea-AI Filing Summary
Rocket Lab Corp (RKLB) reported that Marvin Bradford Clevenger, President of Rocket Lab USA, Inc., sold 15,051 shares of common stock on 2026-08-24 in three open-market transactions at weighted-average prices of $69.5345, $70.2023, and $71.1700 per share. According to the disclosure, these were sell-to-cover sales to satisfy tax withholding obligations arising from the vesting and settlement of previously granted restricted stock units, and were effected pursuant to a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 15,051 shares
Net Sell
3 txns
Insider
Clevenger Marvin Bradford
Role
President, Rocket Lab USA, Inc
Sold
15,051 shs ($1.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 13,924 | $69.5345 | $968K |
| Sale | Common Stock F1, F3 | 450 | $70.2023 | $32K |
| Sale | Common Stock F1 | 677 | $71.17 | $48K |
Holdings After Transaction:
Common Stock — 458,924 shares (Direct)
Footnotes (3)
- F1. Represents the sale of shares pursuant to a "sell-to-cover" transaction in order to satisfy applicable tax withholding obligations in connection with the vesting and settlement of restricted stock units previously granted to the Reporting Person.
- F2. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $69.0000 to $69.9900. 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 $70.0000 to $70.6400. 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 (largest block): 13,924 shares of Common Stock
Additional shares sold: 450 shares of Common Stock
Additional shares sold: 677 shares of Common Stock
+3 more
6 metrics
Shares sold (largest block)
13,924 shares of Common Stock
Sale on 2026-08-24 at weighted-average price of $69.5345 per share
Additional shares sold
450 shares of Common Stock
Sale on 2026-08-24 at weighted-average price of $70.2023 per share
Additional shares sold
677 shares of Common Stock
Sale on 2026-08-24 at price of $71.1700 per share
Total shares sold
15,051 shares of Common Stock
Net sell transactions on 2026-08-24 reported in the Form 4
Price range for one sale block
$69.0000–$69.9900 per share
Weighted-average $69.5345 sale; trades executed within this range
Price range for another sale block
$70.0000–$70.6400 per share
Weighted-average $70.2023 sale; trades executed within this range
Key Terms
sell-to-cover, weighted-average price, restricted stock units, Rule 10b5-1 trading plan
4 terms
sell-to-cover financial
"Represents the sale of shares pursuant to a "sell-to-cover" transaction"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
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.
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan regulatory
"transactions affirmed under 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.
FAQ
What insider transactions did RKLB disclose for Marvin Bradford Clevenger on this Form 4?
The filing reports that Marvin Bradford Clevenger sold 15,051 shares of Rocket Lab Corp common stock on 2026-08-24 in three open-market transactions, all reported as sales of non-derivative common stock held directly.
Were the RKLB insider sales made under a Rule 10b5-1 trading plan?
Yes. The Form 4 indicates the transactions were effected pursuant to a Rule 10b5-1 trading plan, meaning the trades were made under a pre-established plan rather than discretionary same-day trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
