Space Exploration Technologies officer may sell $52M stock
SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) received a notice under Rule 144 that company officer Gwynne Shotwell may sell 342,170 shares of common stock.
Rhea-AI Filing Summary
SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) received a notice under Rule 144 that company officer Gwynne Shotwell may sell 342,170 shares of common stock. The shares are associated with a cash exercise of stock options and are slated for potential sale on September 22, 2026 through Morgan Stanley Smith Barney LLC on NASDAQ.
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Key Figures
Shares to be sold: 342,170 shares
Aggregate market value: $51,958,514.50
Proposed sale date: September 22, 2026
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6 metrics
Shares to be sold
342,170 shares
Common stock covered by the Rule 144 notice
Aggregate market value
$51,958,514.50
Aggregate market value of 342,170 common shares
Proposed sale date
September 22, 2026
Proposed date for sale of the common shares
Security type
Common stock
Class of securities covered by the notice
Transaction type
Exercise of stock options
Source of the shares to be sold
Trading market
NASDAQ
Market identified for potential sale of the shares
Key Terms
Rule 144, Form 144, Exercise of Stock Options, aggregate market value
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Exercise of Stock Options financial
"Common | 09/22/2026 | Exercise of Stock Options | Issuer"
aggregate market value financial
"Common | Morgan Stanley Smith Barney LLC ... | 342170 | 51958514.50"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 for SPCX disclose about Gwynne Shotwell?
It discloses that Gwynne Shotwell, an officer of SPACE EXPLORATION TECHNOLOGIES CORP, has given notice under Rule 144 for the potential sale of 342,170 shares of common stock, related to a cash exercise of stock options on September 22, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.