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.
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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.
Insider Trade Summary 10b5-1
| 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 |
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
Key Terms
sell-to-cover financial
weighted-average price financial
restricted stock units financial
Rule 10b5-1 trading plan regulatory
FAQ
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What insider transactions did RKLB disclose for Marvin Bradford Clevenger on this Form 4?
Were the RKLB insider sales made under a Rule 10b5-1 trading plan?
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