Rocket Lab CFO Adam Spice sold roughly $7.4 million in company shares on Nov. 2 through a prearranged trading plan. He disposed of 140,157 shares at prices from $50.71 to $55. Rocket Lab's first Neutron launch is now scheduled for 2027, and earnings are expected soon.
Rocket Lab (NASDAQ:RKLB) CFO Adam Spice sold approximately $7.4 million in company shares on Nov. 2 through a prearranged trading plan. Spice disposed of 140,157 shares in multiple transactions, with sale prices ranging from $50.71 to $55 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan and disclosed in an SEC filing.
Option exercise and remaining holdings
Before the sales, Spice exercised employee stock options to acquire an equivalent number of shares at $1.09 each, for a total cost of approximately $152,771. The options were originally granted in August 2018, with vesting beginning in May of that year. Following the transactions, Spice directly owned 1,155,967 Rocket Lab shares, and a trust held another 250,000 shares indirectly. Spice also maintained beneficial ownership of 2,102,354 employee stock options.
Neutron schedule and earnings
Rocket Lab's first Neutron rocket launch is now scheduled for 2027 after a defect was identified in a first-stage tank component. The company is expected to report earnings in the coming days.
