Rocket Lab Director Sells $210K in Stock Through Planned Trading Program
Rocket Lab Corp director Merline Saintil executed two planned sales transactions on June 24, 2025, disposing of a total of 6,353 shares of common stock through a pre-established Rule 10b5-1 trading plan from March 20, 2025.
Rhea-AI Filing Summary
Rocket Lab Corp director Merline Saintil executed two planned sales transactions on June 24, 2025, disposing of a total of 6,353 shares of common stock through a pre-established Rule 10b5-1 trading plan from March 20, 2025.
Transaction details:
- First sale: 4,053 shares at weighted average price of $33.1473 (range: $32.51-$33.50)
- Second sale: 2,300 shares at weighted average price of $33.7848 (range: $33.51-$34.13)
- Remaining direct ownership: 419,569 shares
The transactions were executed according to a predetermined trading plan, which provides an affirmative defense against insider trading allegations. The sales were reported within the required two-business-day filing deadline.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,053 | $33.1473 | $134K |
| Sale | Common Stock | 2,300 | $33.7848 | $78K |
Footnotes (3)
- F1. Represents the sale of shares which occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2025.
- F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.5100 to $33.5000, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 $33.5100 to $34.1300, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.
FAQ
Was RKLB Director Saintil's stock sale part of a pre-planned trading arrangement?
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