Family trust tied to Rocket Lab (RKLB) CEO sells 3,275,779 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rocket Lab Corp reported a large insider sale by the Equatorial Trust, a family trust associated with CEO Peter Beck. Over several transactions on July 6–8, 2026, the trust sold a total of 3,275,779 shares of common stock in open-market trades.
The sales were executed at weighted-average prices generally between about $81 and $102 per share, with detailed price ranges disclosed for each trade bucket. The filing notes that these transactions occurred automatically under a pre-established Rule 10b5-1 trading plan adopted by the Equatorial Trust on March 27, 2026, indicating they were pre-planned rather than discretionary.
In addition to the trust’s indirect holdings, the form also lists 491,930 Rocket Lab shares held directly following the reported activity. The filing emphasizes that Peter Beck, Kerryn Beck, and another director share voting and investment control over the trust and that Beck disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insights
Pre-planned trust sales total 3.28M Rocket Lab shares.
The filing shows the Equatorial Trust, a family trust associated with Rocket Lab’s CEO Peter Beck, sold 3,275,779 common shares through 24 open-market transactions over July 6–8, 2026. All are coded as sales of non-derivative common stock.
A key detail is that footnotes state the trades occurred automatically under a Rule 10b5-1 trading plan adopted on March 27, 2026. Such plans pre-schedule transactions, so the timing carries less informational value about management’s current view of the stock than discretionary sales might.
The filing also reports 491,930 shares held directly after the activity, suggesting Beck retains a substantial direct stake alongside indirect trust holdings. Overall this looks like a sizable but structured liquidity program rather than an abrupt change in exposure, and its significance depends on how these share counts compare to Rocket Lab’s total outstanding shares, which are not provided here.
Insider Trade Summary 10b5-1
Net Seller: 3,275,779 shares ($286,410,196)
Net Sell
25 txns
Insider
Beck Peter
Role
CEO
Sold
3,275,779 shs ($286.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 265,958 | $81.5895 | $21.70M |
| Sale | Common Stock | 354,128 | $82.4841 | $29.21M |
| Sale | Common Stock | 156,666 | $83.3256 | $13.05M |
| Sale | Common Stock | 142,390 | $84.4316 | $12.02M |
| Sale | Common Stock | 67,773 | $85.3012 | $5.78M |
| Sale | Common Stock | 4,045 | $86.1212 | $348K |
| Sale | Common Stock | 342,190 | $83.5758 | $28.60M |
| Sale | Common Stock | 458,494 | $84.3064 | $38.65M |
| Sale | Common Stock | 257,803 | $85.3307 | $22.00M |
| Sale | Common Stock | 88,548 | $86.1218 | $7.63M |
| Sale | Common Stock | 41,554 | $87.3099 | $3.63M |
| Sale | Common Stock | 74,874 | $88.3966 | $6.62M |
| Sale | Common Stock | 20,593 | $89.3679 | $1.84M |
| Sale | Common Stock | 14,566 | $90.2609 | $1.31M |
| Sale | Common Stock | 213,106 | $92.8118 | $19.78M |
| Sale | Common Stock | 198,726 | $93.7391 | $18.63M |
| Sale | Common Stock | 84,387 | $94.6872 | $7.99M |
| Sale | Common Stock | 138,478 | $95.8913 | $13.28M |
| Sale | Common Stock | 169,457 | $96.7767 | $16.40M |
| Sale | Common Stock | 77,684 | $97.7041 | $7.59M |
| Sale | Common Stock | 76,178 | $98.6982 | $7.52M |
| Sale | Common Stock | 8,202 | $99.6155 | $817K |
| Sale | Common Stock | 14,266 | $100.525 | $1.43M |
| Sale | Common Stock | 5,713 | $101.5698 | $580K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,449,223 shares (Indirect, by Trust);
Common Stock — 491,930 shares (Direct, null)
Footnotes (1)
- Represents the sale of shares which occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Equatorial Trust (the "Trust") on March 27, 2026. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $92.3000 to $93.2900. 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. Held directly by the Equatorial Trust (the "Trust"), a family trust settled by the Reporting Person and Kerryn Beck. Peek Street Equatorial Trustee Limited (the "Trustee") is the trustee of the Trust and each of the Reporting Person, Kerryn Beck and Warren Butler serve as a director of the Trustee with shared voting and investment control of the shares and, as a result, the Trustee and each such individual is deemed to be an indirect beneficial owner of the reported securities. The Reporting Person disclaims his beneficial ownership of the reported securities except to the extent of his pecuniary interest. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $93.3000 to $94.2900. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $94.3000 to $95.2900. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $95.3000 to $96.2900. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $96.2950 to $97.2850. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $97.2900 to $98.2800. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $98.2900 to $99.2800. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $99.2850 to $100.2450. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $100.2800 to $101.2700. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $101.2900 to $102.0100. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $82.8600 to $83.8500. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $83.8550 to $84.8450. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $84.8500 to $85.8400. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $85.8450 to $86.8300. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $86.8400 to $87.8200. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $87.8450 to $88.8350. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $88.8400 to $89.8300. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $89.8400 to $90.5800. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $81.0000 to $81.9900. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $81.9950 to $82.9850. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $82.9875 to $83.9700. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $83.9800 to $84.9700. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $84.9725 to $85.9600. 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. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $85.9700 to $86.3900. 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: 3,275,779 shares
Sale transactions: 24 transactions
Direct holdings: 491,930 shares
+4 more
7 metrics
Shares sold
3,275,779 shares
Total common shares sold across 24 transactions
Sale transactions
24 transactions
Non-derivative open-market sales of common stock
Direct holdings
491,930 shares
Common stock held directly following reported activity on July 6, 2026
Example sale price
<money>$101.5698</money> per share
One sale bucket on July 6, 2026
Lower price range example
<money>$81.0000–$81.9900</money>
Footnote price range for certain July 6, 2026 sales
Trading plan adoption date
<date>March 27, 2026</date>
Rule 10b5-1 plan adopted by Equatorial Trust
Net buy/sell direction
Net-sell of 3,275,779 shares
Transaction summary across reported period
Key Terms
Rule 10b5-1 trading plan, weighted-average price, indirect beneficial owner, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"sales which occurred 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.
indirect beneficial owner financial
"each such individual is deemed to be an indirect beneficial owner"
pecuniary interest financial
"disclaims his beneficial ownership of the reported securities except to the extent of his pecuniary interest."
family trust financial
"Held directly by the Equatorial Trust (the "Trust"), a family trust settled by the Reporting Person"
FAQ
Were the Rocket Lab (RKLB) insider sales pre-planned under Rule 10b5-1?
Yes. The filing states the sales occurred automatically under a Rule 10b5-1 trading plan adopted by the Equatorial Trust on March 27, 2026. Rule 10b5-1 plans schedule trades in advance, reducing the significance of short-term market timing decisions.
How many insider sale transactions did Rocket Lab (RKLB) report in this filing?
The transaction summary reports 24 sale transactions of Rocket Lab common stock and one additional holding entry. All sales are coded as open-market or private transactions in non-derivative common stock and are aggregated into the total of 3,275,779 shares sold.