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FORM 144
AI

144 - January 5, 2026

Filed January 5, 2026
·
0001950047-26-000118

Rocket Lab COO Adam Spice to sell 1.37M shares ($104M) under 10b5-1 plan.

Brief

This Form 144 filing notifies of COO Adam C. Spice's proposed sale of 1,365,665 common shares, valued at $103.8M, on or about January 5, 2026. Shares stem from stock option exercises on Jan 5, 2026 (731,330 shares) and Sep 18, 2025 (634,335 shares). The sale follows a Rule 10b5-1 plan adopted Sep 19, 2025; Spice reports prior 3-month sales of 62,627 shares for $2.55M. Relevant for investors tracking insider activity.

Detailed Brief

Form 144 is filed by Rocket Lab USA Inc. officer Adam C. Spice (COO) on January 5, 2026, disclosing intent to sell 1,365,665 shares of common stock through Morgan Stanley, with aggregate market value of $103,776,883.35 based on 534,156,333 shares outstanding. The securities include 731,330 shares acquired same-day via cash exercise of stock options and 634,335 from a prior exercise on Sep 18, 2025. This represents ~0.26% of outstanding shares. The transaction relies on a Rule 10b5-1 trading plan adopted Sep 19, 2025, mitigating concerns of opportunistic timing. Spice discloses recent sales on Nov 24 and 22, 2025, totaling 62,627 shares for $2,545,894.61. He certifies no knowledge of undisclosed material adverse information about Rocket Lab. In context of Rocket Lab's space launch business, such filings are common for executives monetizing equity compensation amid growth, but warrant monitoring for liquidity signals.

Key Telemetry

  • COO Adam Spice to sell 1,365,665 common shares (~0.26% o/s) valued at $103.8M on ~1/5/2026.
  • Shares from option exercises: 731,330 on 1/5/26 (cash) + 634,335 on 9/18/25.
  • Sale under Rule 10b5-1 plan adopted 9/19/25.
  • Past 3 months: Sold 62,627 shares for $2.55M on 11/22-24/25.
  • Certifies no undisclosed material adverse info.

Impact Vector

For RKLB investors, this pre-planned 10b5-1 sale by COO Spice provides liquidity from option exercises without signaling distress or adverse knowledge. The $104M volume is notable but minor relative to ~$534M shares o/s and market cap; potential short-term selling pressure on NASDAQ: RKLB. Strategically neutral for Rocket Lab's launch operations. Monitor actual execution, post-sale ownership (via Form 4), and any clustered insider activity.

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