Rocket Lab director Jon A. Olson filed Form 4 on 12/22/2025 reporting multiple open-market sales of 15,000 common shares on 12/19/2025, with weighted-average prices ranging from $61.115 (200 shares) to $70.2014 (6,591 shares), for a total value of approximately $1.02 million. Post-transaction direct ownership is 360,835 shares; no indirect reported. All sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on September 19, 2025, about three months prior, designed to satisfy affirmative defense conditions against insider trading allegations. No derivative activity in Table II. As a routine execution of a pre-existing plan by a non-executive director, this lacks discretionary intent and shows no unusual pattern.

This pre-scheduled 10b5-1 sale signals neutral insider confidence from Director Olson, reflecting routine portfolio management rather than a reaction to company prospects. The modest size relative to holdings (4%) and lack of discretion reinforce no bearish intent.