Shotwell reports SPCX insider holdings on Form 3
SPACE EXPLORATION TECHNOLOGIES CORP director and President/COO Gwynne Shotwell filed an initial Form 3 reporting her beneficial ownership in the company’s stock.
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Form Type
3
Rhea-AI Filing Summary
SPACE EXPLORATION TECHNOLOGIES CORP director and President/COO Gwynne Shotwell filed an initial Form 3 reporting her beneficial ownership in the company’s stock. She reports indirect holdings of Class A Common Stock through the QM RS 2021 Exempt Trust and the QM GS 2021 Exempt Trust, direct holdings of Class A and Class B Common Stock, and several option grants to buy Class A shares with exercise prices between $8.3998 and $42.40 per share that vest over time and extend through 2035. Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Shotwell Gwynne
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
| holding | Option to Buy (Class A Common Stock) | -- | -- | -- |
| holding | Option to Buy (Class A Common Stock) | -- | -- | -- |
| holding | Option to Buy (Class A Common Stock) | -- | -- | -- |
| holding | Option to Buy (Class A Common Stock) | -- | -- | -- |
| holding | Option to Buy (Class A Common Stock) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 7,113,550 contracts (Direct);
Option to Buy (Class A Common Stock) — 4,779,240 contracts (Direct);
Class A Common Stock — 2,472,035 shares (Direct);
Class A Common Stock — 1,556,055 shares (Indirect, By QM GS 2021 Exempt Trust);
Class A Common Stock — 1,556,005 shares (Indirect, By QM RS 2021 Exempt Trust)
Footnotes (6)
- F1. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. In addition, subject to certain exceptions, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any sale of such share of Class B Common Stock or any legal or beneficial interest in such share.
- F2. The options are vested as to 27,800 shares and 166,650 shares will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment at the Issuer.
- F3. The options are vested as to 14,880 shares and 89,285 shares will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
- F4. The options vest as to 12.5% on May 15, 2026 and thereafter in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.
- F5. The options vest as to 12.5% on May 15, 2027 and thereafter in approximately equal monthly installments through November 15, 2030, subject to the Reporting Person's continued employment with the Issuer.
- F6. The options vest as to 20% on September 30, 2027 and thereafter in approximately equal monthly installments through September 30, 2031, subject to the Reporting Person's continued employment with the Issuer.
Key Figures
Indirect Class A via QM RS 2021 Exempt Trust: 1,556,005 shares
Indirect Class A via QM GS 2021 Exempt Trust: 1,556,055 shares
Direct Class A Common Stock: 2,472,035 shares
+5 more
8 metrics
Indirect Class A via QM RS 2021 Exempt Trust
1,556,005 shares
Total Class A Common Stock held indirectly
Indirect Class A via QM GS 2021 Exempt Trust
1,556,055 shares
Total Class A Common Stock held indirectly
Direct Class A Common Stock
2,472,035 shares
Direct Class A Common Stock holdings
Class B Common Stock
7,113,550 shares
Direct Class B holdings, each convertible 1:1 into Class A
Option at $42.4000
3,537,740 underlying shares
Option to buy Class A Common Stock expiring 2035-10-20
Option at $37.0000
324,325 underlying shares
Option to buy Class A Common Stock expiring 2035-05-10
Option at $19.4000
618,560 underlying shares
Option to buy Class A Common Stock expiring 2034-05-16
Option at $8.3998
194,450 underlying shares
Option to buy Class A Common Stock expiring 2031-04-20
Key Terms
Class B Common Stock, Option to Buy (Class A Common Stock), convertible, vest, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Option to Buy (Class A Common Stock) financial
"The options are vested as to 27,800 shares and 166,650 shares will vest"
convertible financial
"Each share of Class B Common Stock is convertible at any time at the option of the holder"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
vest financial
"The options vest as to 12.5% on May 15, 2026 and thereafter in approximately equal monthly installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficial interest financial
"upon any sale of such share of Class B Common Stock or any legal or beneficial interest in such share"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Gwynne Shotwell’s Form 3 for SPCX report?
The Form 3 reports Gwynne Shotwell’s initial beneficial ownership in SPACE EXPLORATION TECHNOLOGIES CORP, including direct and indirect Class A and Class B Common Stock and multiple option grants to buy Class A shares that vest over several years and extend through 2035.
What SPCX stock options are reported for Gwynne Shotwell in this Form 3?
Shotwell holds options to buy Class A Common Stock with exercise prices of $42.4000, $37.0000, $19.4000, $11.2000, and $8.3998, covering underlying share amounts such as 3,537,740 and 618,560. These options have expiration dates ranging from 2031 to 2035 and vest over time.
How do Gwynne Shotwell’s SPCX options vest according to the Form 3 footnotes?
Footnotes state certain options are already partially vested, such as 27,800 and 14,880 shares, with additional shares vesting in approximately equal monthly installments through dates like November 15, 2026, September 30, 2031, and beyond, contingent on her continued employment with the issuer.
What is the significance of SPCX Class B Common Stock in Gwynne Shotwell’s holdings?
The Form 3 notes 7,113,550 shares of Class B Common Stock, each convertible at any time into one share of Class A Common Stock. Class B shares generally provide flexible conversion and automatically convert to Class A upon certain sales or transfers, according to the footnote description.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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