Form 4 for RKLB Rocket Lab Corp
Accepted 2022-09-08 00:00:00 ET · period of report 2022-09-06 · accession 0000899243-22-030665 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-09-08 | 2022-09-06 | RKLB | Olson Jon A | Dir | M - OptEx | — | +362.4K | 400.5K | +951% | — |
| D | 2022-09-08 | 2022-09-06 | RKLB | Olson Jon A | Dir | M - OptEx | $0.00 | -362.4K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-09-06 | M | A | 362,386 | — | 400,476 | D | — | — | (F1) Represents 120,795 shares of common stock issued on settlement of Restricted Stock Units ("RSUs") on September 6, 2022, and 241,591 RSUs subject to service-based vesting. (F2) Each RSU represents a contingent right to receive one share of the issuer's common stock upon settlement. (F3) Includes 120,795 shares of common stock issued on settlement of RSUs on September 6, 2022; 241,591 RSUs previously reported in Table II that remain subject to service-based vesting requirements described in note 4 below; and 38,090 RSUs previously reported on Table I subject to service-based vesting requirements. |
| 2 | Derivative | Restricted Stock Units | 2022-09-06 | M | D | 362,386 | $0.00 | 0 | D | — · — to — | 362,386 Common Stock | (F4) The RSUs are subject to both a service-based vesting condition and liquidity-based vesting condition. The liquidity-based vesting condition was waived by the Board for these RSUs on September 6, 2022. One-third of the RSUs satisfied the service-based vesting condition on August 22, 2022 and were settled for 120,795 shares of common stock on September 6, 2022, and the remaining two-thirds of the RSUs vest in eight substantially equal quarterly installments on each November 22nd, March 1st, May 22nd and August 22nd thereafter. As a result of the waiver of the liquidity-based vesting condition, the reporting person has elected to report the remaining unvested RSUs on Table I consistent with other service-based vesting RSU reporting. |