Form 4 for RKLB Rocket Lab Corp
Accepted 2022-09-08 00:00:00 ET · period of report 2022-09-06 · accession 0000899243-22-030667 · 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 | GRIFFIN MICHAEL D | Dir | M - OptEx | — | +608.3K | 646.3K | +1,597% | — |
| D | 2022-09-08 | 2022-09-06 | RKLB | GRIFFIN MICHAEL D | Dir | M - OptEx | $0.00 | -608.3K | 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 | 608,256 | — | 646,346 | D | — | — | (F1) Represents 456,192 shares of common stock issued on settlement of Restricted Stock Units ("RSUs") on September 6, 2022, and 152,064 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 456,192 shares of common stock issued on settlement of RSUs on September 6, 2022; 152,064 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 | 608,256 | $0.00 | 0 | D | — · — to — | 608,256 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-twelfth of the RSUs satisfied the service-based vesting condition every three months from July 30, 2020 and were settled for 456,192 shares of common stock on September 6, 2022, and the remaining RSUs will vest on the same schedule. 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. |