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Insider Trading - March 16, 2022
Khosla Ventures entities distributed 11.5M RKLB shares pro rata ($0).
Brief
Khosla Ventures entities, affiliated with director and 10% owner Vinod Khosla, conducted pro rata distributions of 11.5 million Common Stock shares across three funds on 03/14/2022 for no consideration. No open market activity occurred. Signal is neutral.
Detailed Brief
On March 14, 2022, Khosla Ventures Seed B, L.P. distributed 5,376,280 shares; Khosla Ventures Seed B (CF), L.P. distributed 305,180 shares; and Khosla Ventures V, L.P. distributed 5,819,018 shares of Rocket Lab USA Common Stock pro rata to their limited and general partners for no consideration, totaling 11,500,478 shares. Portions were received by related entities like Khosla Ventures Seed Associates B, LLC and Khosla Ventures Associates V, LLC, which further distributed to VK Services, LLC, now holding 3,359,300 shares directly. Post-transaction, the group beneficially owns approximately 103 million shares indirectly. This is a non-cash internal restructuring among affiliated entities, not a sale, with no mention of a 10b5-1 plan. No prior pattern of such distributions noted in this filing.
Key Telemetry
- • Distributed 11.5M shares internally (~11% of post-transaction holdings); retains ~103M shares beneficially.
- • Pro rata to partners, no market sale or cash exchange.
- • Neutral context: restructuring by major 10% owner, not discretionary selling.
- • Timing: March 2022, pre-earnings, stock near lows (~$3-5/share).
Impact Vector
This transaction signals neutral insider confidence, as it represents an internal pro rata distribution among Khosla-affiliated entities without any open-market selling or reduction in economic exposure.