Space Exploration Technologies: Shotwell sells 342K shares

The September transactions were made under a Rule 10b5-1 trading plan adopted June 23, 2026.

Rhea-AI Filing Summary

SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) President and COO Gwynne Shotwell exercised options for 138,900, 74,405 and 128,865 Class A shares at $8.3998, $11.2000 and $19.4000 per share, respectively, on September 22, 2026, and sold 342,170 shares that day. The September transactions were made under a Rule 10b5-1 trading plan adopted June 23, 2026.

On April 18, 2026, Shotwell exercised options to acquire 138,900 shares at $8.3998 and 74,410 shares at $11.2000. As of that date, indirect holdings were listed as 1,556,005 shares in QM RS 2021 Exempt Trust and 1,556,055 shares in QM GS 2021 Exempt Trust.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 17 txns

Insider Shotwell Gwynne

Role President and COO

Sold 342,170 shs ($52.55M)

Approx. gross sale proceeds $52.55M

Approx. exercise cost $6.50M

Type	Security	Shares	Price	Value
Exercise	Option to Buy (Class A Common Stock) F1, F7	138,900	$0.00	$0.00
Exercise	Option to Buy (Class A Common Stock) F1, F7	74,405	$0.00	$0.00
Exercise	Option to Buy (Class A Common Stock) F1, F8	128,865	$0.00	$0.00
Exercise	Class A Common Stock F1	138,900	$8.3998	$1.17M
Exercise	Class A Common Stock F1	74,405	$11.20	$833K
Exercise	Class A Common Stock F1	128,865	$19.40	$2.50M
Sale	Class A Common Stock F1, F2	12,500	$151.1515	$1.89M
Sale	Class A Common Stock F1, F3	7,600	$151.9272	$1.15M
Sale	Class A Common Stock F1, F4	145,809	$153.2729	$22.35M
Sale	Class A Common Stock F1, F5	151,844	$153.9481	$23.38M
Sale	Class A Common Stock F1, F6	24,417	$154.7196	$3.78M
Exercise	Option to Buy (Class A Common Stock) F7	138,900	$0.00	$0.00
Exercise	Option to Buy (Class A Common Stock) F7	74,410	$0.00	$0.00
Exercise	Class A Common Stock	138,900	$8.3998	$1.17M
Exercise	Class A Common Stock	74,410	$11.20	$833K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Option to Buy (Class A Common Stock) — 575,005 contracts (Direct); Class A Common Stock — 2,472,035 shares (Direct); Class A Common Stock — 1,556,005 shares (Indirect, By QM RS 2021 Exempt Trust); Class A Common Stock — 1,556,055 shares (Indirect, By QM GS 2021 Exempt Trust)

Footnotes (8)

1. F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
2. F2. Represents the weighted average sale price. The highest price at which shares were sold was $151.58 and the lowest price at which shares were sold was $150.61. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. F3. Represents the weighted average sale price. The highest price at which shares were sold was $152.60 and the lowest price at which shares were sold was $151.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4. F4. Represents the weighted average sale price. The highest price at which shares were sold was $153.61 and the lowest price at which shares were sold was $152.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. F5. Represents the weighted average sale price. The highest price at which shares were sold was $154.61 and the lowest price at which shares were sold was $153.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6. F6. Represents the weighted average sale price. The highest price at which shares were sold was $154.94 and the lowest price at which shares were sold was $154.63. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7. F7. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
8. F8. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.

Key Figures

Exercise terms: 138,900 Class A shares at $8.3998 per share Exercise terms: 74,405 Class A shares at $11.2000 per share Exercise terms: 128,865 Class A shares at $19.4000 per share +5 more

8 metrics

Exercise terms 138,900 Class A shares at $8.3998 per share Options exercised September 22, 2026

Exercise terms 74,405 Class A shares at $11.2000 per share Options exercised September 22, 2026

Exercise terms 128,865 Class A shares at $19.4000 per share Options exercised September 22, 2026

Class A shares sold 342,170 shares Five transactions on September 22, 2026

Exercise terms 138,900 Class A shares at $8.3998 per share Options exercised April 18, 2026

Exercise terms 74,410 Class A shares at $11.2000 per share Options exercised April 18, 2026

Shares held by QM RS 2021 Exempt Trust 1,556,005 shares Indirect holding reported April 18, 2026

Shares held by QM GS 2021 Exempt Trust 1,556,055 shares Indirect holding reported April 18, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, remaining outstanding options

3 terms

Rule 10b5-1 trading plan regulatory

"pursuant to a Rule 10b5-1 trading plan adopted"

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 sale price financial

"Represents the weighted average sale price"

remaining outstanding options financial

"The remaining outstanding options will vest"

FAQ

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

How many shares did SPCX President and COO Gwynne Shotwell sell?

Gwynne Shotwell sold 342,170 Class A shares on September 22, 2026, across five transactions under a Rule 10b5-1 trading plan adopted June 23, 2026.

What prices did Gwynne Shotwell receive for the SPCX shares sold?

The five reported weighted average sale prices were $151.1515 for 12,500 shares, $151.9272 for 7,600 shares, $153.2729 for 145,809 shares, $153.9481 for 151,844 shares, and $154.7196 for 24,417 shares, all on September 22, 2026.

When do Gwynne Shotwell's remaining SPCX options vest?

The footnotes state that remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026 and November 15, 2029, subject to Shotwell's continued employment with the issuer.

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

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Available on EDGAR 09/24/2026 - 04:11 PM Accepted by SEC EDGAR 09/24/2026 - 04:11 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^*

Shotwell Gwynne

(Last) (First) (Middle)

C/O SPACE EXPLORATION TECHNOLOGIES CORP.

1 ROCKET ROAD

(Street)

STARBASE TEXAS 78521

(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
X	Officer (give title below)		Other (specify below)
	President and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026

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)

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	04/18/2026		M		138,900	A	$8.3998	2,397,625	D
Class A Common Stock	04/18/2026		M		74,410	A	$11.2	2,472,035	D
Class A Common Stock	09/22/2026		M(1)		138,900	A	$8.3998	2,610,935	D
Class A Common Stock	09/22/2026		M(1)		74,405	A	$11.2	2,685,340	D
Class A Common Stock	09/22/2026		M(1)		128,865	A	$19.4	2,814,205	D
Class A Common Stock	09/22/2026		S(1)		12,500	D	$151.1515(2)	2,801,705	D
Class A Common Stock	09/22/2026		S(1)		7,600	D	$151.9272(3)	2,794,105	D
Class A Common Stock	09/22/2026		S(1)		145,809	D	$153.2729(4)	2,648,296	D
Class A Common Stock	09/22/2026		S(1)		151,844	D	$153.9481(5)	2,496,452	D
Class A Common Stock	09/22/2026		S(1)		24,417	D	$154.7196(6)	2,472,035	D
Class A Common Stock								1,556,005	I	By QM RS 2021 Exempt Trust
Class A Common Stock								1,556,055	I	By QM GS 2021 Exempt 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
Option to Buy (Class A Common Stock)	$8.3998	04/18/2026		M			138,900	(7)	04/20/2031	Class A Common Stock	138,900	$0	194,450	D
Option to Buy (Class A Common Stock)	$11.2	04/18/2026		M			74,410	(7)	04/27/2032	Class A Common Stock	74,410	$0	104,165	D
Option to Buy (Class A Common Stock)	$8.3998	09/22/2026		M(1)			138,900	(7)	04/20/2031	Class A Common Stock	138,900	$0	55,550	D
Option to Buy (Class A Common Stock)	$11.2	09/22/2026		M(1)			74,405	(7)	04/27/2032	Class A Common Stock	74,405	$0	29,760	D
Option to Buy (Class A Common Stock)	$19.4	09/22/2026		M(1)			128,865	(8)	05/16/2034	Class A Common Stock	128,865	$0	489,695	D

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.

2. Represents the weighted average sale price. The highest price at which shares were sold was $151.58 and the lowest price at which shares were sold was $150.61. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Represents the weighted average sale price. The highest price at which shares were sold was $152.60 and the lowest price at which shares were sold was $151.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. Represents the weighted average sale price. The highest price at which shares were sold was $153.61 and the lowest price at which shares were sold was $152.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. Represents the weighted average sale price. The highest price at which shares were sold was $154.61 and the lowest price at which shares were sold was $153.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. Represents the weighted average sale price. The highest price at which shares were sold was $154.94 and the lowest price at which shares were sold was $154.63. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.

8. The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.

Remarks:

	/s/ Sheldon Nagesh, as attorney-in-fact	09/24/2026
	** 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)