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Ownership Report - August 25, 2022
Bessemer Venture Partners distributes RKLB shares to LPs, retains 13.9% stake.
Brief
This SC 13D/A (Amendment No. 2) reports pro rata distributions of Rocket Lab common stock by Bessemer Venture Partners VIII funds to limited partners on August 24, 2022. Post-distribution, the reporting entities beneficially own 65,165,990 shares (13.9% of outstanding shares). Investors should monitor for further changes in this major shareholder's position.
Detailed Brief
Bessemer Venture Partners VIII Institutional L.P. (35,580,633 shares, 7.6%), Bessemer Venture Partners VIII L.P. (29,585,357 shares, 6.3%), Deer VIII & Co. L.P., and Deer VIII & Co. Ltd. (combined 65,165,990 shares, 13.9%) filed this amendment disclosing distributions on August 24, 2022: BVP VIII Inst distributed 2,222,898 shares and BVP VIII distributed 1,848,343 shares to limited partners and Deer VIII L.P., which then redistributed pro rata. Percentages based on 469,025,580 shares outstanding per August 2022 10-Q. Excludes potential earnout shares from 2021 SPAC merger. No group filing; reflects standard VC fund unwinding without market sales.
Key Telemetry
- • BVP VIII Inst holds 35.6M shares (7.6%); BVP VIII holds 29.6M shares (6.3%) post-distribution.
- • Deer VIII entities deemed to own combined 65.2M shares (13.9%).
- • Distributed 4.1M shares total for no consideration to LPs on Aug 24, 2022.
- • Excludes ~6.6M potential earnout shares from merger.
- • No material changes to prior Schedule 13D except ownership update.
Impact Vector
Routine pro rata distribution reduces fund-level holdings but reallocates to LPs without economic dilution or market selling pressure. Bessemer remains a key long-term investor (13.9% stake), signaling confidence in Rocket Lab's growth. Investors should watch future 13D/13G filings for additional distributions or sales amid RKLB's launch cadence and Neutron development.