Space Exploration Technologies: 42.8M shares distributed

The amendment says the distributions did not change Antonio J. Gracias’s pecuniary interest and adds continued-ownership positions omitted from the original report.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

Antonio J. Gracias reported disposition transactions in this Form 4 filing. Space Exploration Technologies Corp. director Antonio J. Gracias reported that the Valor Entities made an in-kind distribution of 42,790,223 Class A common shares on September 11, 2026, without consideration, under a Rule 10b5-1 pre-set in-kind distribution plan adopted on June 12, 2026. The amendment says the distribution did not change Gracias’s pecuniary interest and adds continued-ownership positions omitted from the original report: 1,040,862 shares directly held by Gracias and his children, 1,170,344 shares held by AJG Growth Fund LLC, and 2,078,622 shares held by Gracias 2009 Family Trust. Separately, the Valor Entities reported 460,624,307 shares held of record after the distribution; Gracias disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Insider Trade Summary 10b5-1

Other: 42,790,223 shares

Other 4 txns

Insider Gracias Antonio J.

Role Director

Type	Security	Shares	Price	Value
Other	Class A Common Stock F2, F1, F3, F4, F5	42,790,223	--	--
holding	Class A Common Stock F6	--	--	--
holding	Class A Common Stock F7	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 460,624,307 shares (Indirect, By Valor Entities); Class A Common Stock — 1,040,862 shares (Direct); Class A Common Stock — 1,170,344 shares (Indirect, By AJG Growth Fund LLC); Class A Common Stock — 2,078,622 shares (Indirect, By Gracias 2009 Family Trust)

Footnotes (7)

1. F1. This amendment to the original Form 4 filed on September 15, 2026 (the "Original Form") is filed to clarify that the Original Form 4 was filed voluntarily as the distributions in-kind reported and described in footnote 2 below, did not represent a change to the Reporting Person's pecuniary interest. In addition, based on additional information, this amendment reflects continued ownership of a portion of the distributed shares, which were inadvertently omitted from the Original Form. After giving effect to the distributions-in-kind, which represented non-reportable changes in form pursuant to Rule 16a-13, such shares are directly held by the Reporting Person and his children or are indirectly beneficially owned by the Reporting Person through the AJG Growth Fund LLC and the Gracias 2009 Family Trust.
2. F2. Represents pro rata distributions in-kind, without consideration, by Valor IV Space Holdings, LLC, Valor M33 II L.P., Valor M33 L.P., Valor R&D Series LLC and Valor Space Holdings, LLC. These distributions were effected pursuant to a Rule 10b5-1 pre-set in-kind distribution plan adopted on June 12, 2026.
3. F3. The reported securities are held of record by the following entities: (i) CV Consortio A LLC, (ii) CV Consortio F LLC, (iii) CV Consortio G LLC, (iv) CV Consortio M LLC, (v) CV Consortio N LLC, (vi) KVSX I L.P., (vii) TM33 Partner Holdings LLC, (viii) Valor Equity Partners Opportunity Fund I L.P., (ix) Valor Equity Partners Opportunity Fund I-A L.P., (x) Valor Equity Partners Opportunity Fund I-B L.P., (xi) Valor Equity Partners VI L.P., (xii) Valor Equity Partners VI-A L.P., (xiii) Valor Equity Partners VI-B L.P., (xiv) Valor IV Space Holdings, LLC, (xv) Valor M33 II L.P., (xvi) Valor M33 IV L.P., (xvii) Valor M33 V L.P., (xviii) Valor M33 VI L.P., (xix) Valor M33 L.P., (xx) Valor R&D Series LLC,
4. F4. (continue from footnote 3) (xxi) Valor Space Holdings, LLC, (xxii) Valor V Space Holdings, L.P., (xxiii) Valor VII Space Holdings, L.P., (xxiv) VG 1.0 L.P., (xxv) VG 2.0 L.P., (xxvi) VG AI Holdings L.P., (xxvii) VGX 1.0 L.P., (xxviii) VOF Space Holdings L.P., (xxix) VSV II XAI Holdings L.P., and (xxx) VX Holdings L.P. (collectively, "Valor Entities").
5. F5. By virtue of the Reporting Person's position with the Valor Entities or the general partners of the Valor Entities, the Reporting Person may be deemed to have beneficial ownership of the shares held of record by the Valor Entities. The Reporting Person disclaims beneficial ownership of the shares held of record by each of the Valor Entities, except to the extent of his pecuniary interest therein.
6. F6. Includes shares of Class A Common Stock directly held by the Reporting Person and his children.
7. F7. Includes 29,423 shares of Class A Common Stock received as pro rata distributions in kind, without consideration, on various dates from August 5, 2026 to September 9, 2026, from non-affiliated third parties. Such pro rata distributions in-kind were made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.

Key Figures

In-kind shares distributed: 42,790,223 Class A common shares Shares held of record by Valor Entities: 460,624,307 Class A common shares Directly held shares: 1,040,862 Class A common shares +3 more

6 metrics

In-kind shares distributed 42,790,223 Class A common shares Distributed by the Valor Entities on September 11, 2026, without consideration.

Shares held of record by Valor Entities 460,624,307 Class A common shares Reported after the September 11, 2026 distribution.

Directly held shares 1,040,862 Class A common shares Held by Antonio J. Gracias and his children after the distributions.

Shares held by AJG Growth Fund LLC 1,170,344 Class A common shares Reported after the distributions.

Shares held by Gracias 2009 Family Trust 2,078,622 Class A common shares Reported after the distributions.

Shares included in AJG Growth Fund LLC holding 29,423 Class A common shares Received as pro rata distributions in kind from non-affiliated third parties on various dates from August 5, 2026 to September 9, 2026.

Key Terms

Rule 10b5-1 pre-set in-kind distribution plan, pecuniary interest, Rule 16a-13, Rule 16a-9

4 terms

Rule 10b5-1 pre-set in-kind distribution plan regulatory

"effected pursuant to a Rule 10b5-1 pre-set in-kind distribution plan"

pecuniary interest financial

"did not represent a change to the Reporting Person's pecuniary interest"

Rule 16a-13 regulatory

"non-reportable changes in form pursuant to Rule 16a-13"

Rule 16a-9 regulatory

"in accordance with the exemption afforded by Rule 16a-9"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SPCX shares did the Valor Entities distribute in kind?

The Valor Entities distributed 42,790,223 Class A common shares in kind on September 11, 2026, without consideration. The distributions were made under a Rule 10b5-1 pre-set in-kind distribution plan adopted on June 12, 2026.

What did Antonio J. Gracias’s SPCX Form 4/A clarify?

It states that the original Form 4 was filed voluntarily because the in-kind distributions did not change Gracias’s pecuniary interest, and that the amendment adds a portion of the distributed shares that continued to be held directly by him and his children or indirectly through AJG Growth Fund LLC and Gracias 2009 Family Trust.

What does SPCX report about the shares held through AJG Growth Fund LLC?

The reported holding includes 29,423 Class A common shares received as pro rata distributions in kind, without consideration, on various dates from August 5, 2026 to September 9, 2026, from non-affiliated third parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 07:51 PM Accepted by SEC EDGAR 09/30/2026 - 07:51 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gracias Antonio J.

(Last) (First) (Middle)

C/O VALOR EQUITY PARTNERS

320 NORTH SANGAMON STREET, SUITE 1200

(Street)

CHICAGO ILLINOIS 60607

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPACE EXPLORATION TECHNOLOGIES CORP [ SPCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/15/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/11/2026		J(2)	V(1)	42,790,223	D	(2)	460,624,307	I	By Valor Entities(3)(4)(5)
Class A Common Stock								1,040,862	D(6)
Class A Common Stock								1,170,344(7)	I	By AJG Growth Fund LLC
Class A Common Stock								2,078,622	I	By Gracias 2009 Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This amendment to the original Form 4 filed on September 15, 2026 (the "Original Form") is filed to clarify that the Original Form 4 was filed voluntarily as the distributions in-kind reported and described in footnote 2 below, did not represent a change to the Reporting Person's pecuniary interest. In addition, based on additional information, this amendment reflects continued ownership of a portion of the distributed shares, which were inadvertently omitted from the Original Form. After giving effect to the distributions-in-kind, which represented non-reportable changes in form pursuant to Rule 16a-13, such shares are directly held by the Reporting Person and his children or are indirectly beneficially owned by the Reporting Person through the AJG Growth Fund LLC and the Gracias 2009 Family Trust.

2. Represents pro rata distributions in-kind, without consideration, by Valor IV Space Holdings, LLC, Valor M33 II L.P., Valor M33 L.P., Valor R&D Series LLC and Valor Space Holdings, LLC. These distributions were effected pursuant to a Rule 10b5-1 pre-set in-kind distribution plan adopted on June 12, 2026.

3. The reported securities are held of record by the following entities: (i) CV Consortio A LLC, (ii) CV Consortio F LLC, (iii) CV Consortio G LLC, (iv) CV Consortio M LLC, (v) CV Consortio N LLC, (vi) KVSX I L.P., (vii) TM33 Partner Holdings LLC, (viii) Valor Equity Partners Opportunity Fund I L.P., (ix) Valor Equity Partners Opportunity Fund I-A L.P., (x) Valor Equity Partners Opportunity Fund I-B L.P., (xi) Valor Equity Partners VI L.P., (xii) Valor Equity Partners VI-A L.P., (xiii) Valor Equity Partners VI-B L.P., (xiv) Valor IV Space Holdings, LLC, (xv) Valor M33 II L.P., (xvi) Valor M33 IV L.P., (xvii) Valor M33 V L.P., (xviii) Valor M33 VI L.P., (xix) Valor M33 L.P., (xx) Valor R&D Series LLC,

4. (continue from footnote 3) (xxi) Valor Space Holdings, LLC, (xxii) Valor V Space Holdings, L.P., (xxiii) Valor VII Space Holdings, L.P., (xxiv) VG 1.0 L.P., (xxv) VG 2.0 L.P., (xxvi) VG AI Holdings L.P., (xxvii) VGX 1.0 L.P., (xxviii) VOF Space Holdings L.P., (xxix) VSV II XAI Holdings L.P., and (xxx) VX Holdings L.P. (collectively, "Valor Entities").

5. By virtue of the Reporting Person's position with the Valor Entities or the general partners of the Valor Entities, the Reporting Person may be deemed to have beneficial ownership of the shares held of record by the Valor Entities. The Reporting Person disclaims beneficial ownership of the shares held of record by each of the Valor Entities, except to the extent of his pecuniary interest therein.

6. Includes shares of Class A Common Stock directly held by the Reporting Person and his children.

7. Includes 29,423 shares of Class A Common Stock received as pro rata distributions in kind, without consideration, on various dates from August 5, 2026 to September 9, 2026, from non-affiliated third parties. Such pro rata distributions in-kind were made in accordance with the exemption afforded by Rule 16a-9 of the Securities Exchange Act of 1934, as amended.

	/s/ Antonio J. Gracias	09/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)