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FORM 4
AI

Insider Trading - March 13, 2023

Filed March 13, 2023
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Period ending March 9, 2023
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0000899243-23-008283

SVP Kampani sold 22,532 shares ($95K) sell-to-cover for RSU taxes.

Brief

Arjun Kampani, Senior Vice President, General Counsel and Secretary, sold 22,532 common shares on 03/09/2023 at $4.234 average. This was a non-discretionary sell-to-cover to satisfy tax withholding on vesting RSUs. Neutral signal as routine equity compensation event.

Detailed Brief

Arjun Kampani (Senior Vice President, General Counsel and Secretary) filed Form 4 on 03/13/2023 reporting the sale of 22,532 shares of Rocket Lab USA Inc. (RKLB) common stock on 03/09/2023 at a weighted average price of $4.234 (range $4.15-$4.34). The transaction, coded 'S' (sale), was explicitly a 'sell-to-cover' to cover tax obligations from the vesting and settlement of previously granted restricted stock units (RSUs); no derivative activity reported in Table II. Post-transaction, he beneficially owns 568,493 shares directly. No 10b5-1 plan or other context mentioned, but such sell-to-cover sales are standard, automatic, and non-discretionary, not indicative of voluntary divestment. No historical pattern discernible from this filing alone; common for executives.

Key Telemetry

  • Sale of 22,532 shares (~4% of 568,493 post-transaction direct holdings)
  • Routine sell-to-cover for RSU vesting taxes, non-discretionary
  • Occurred at ~$4.23/share, mid-range vs. early 2023 volatility
  • No prior sales pattern noted; neutral timing pre-earnings

Impact Vector

This standard sell-to-cover for tax withholding signals no change in insider confidence; it's a mechanical transaction tied to equity vesting, not discretionary selling.

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