Merline Saintil - Aug 25, 2021 Form 3/A - Amendment Insider Report for Rocket Lab USA, Inc. (RKLB)

Role: Director
Signature: /s/ Robert M.P. Hurwitz, as Attorney-in-Fact for Merline Saintil
Stock symbol: RKLB
Transactions as of: Aug 25, 2021
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 9/14/2021, 07:33 PM
Date Of Original Report: Sep 7, 2021
Previous filing: Jul 30, 2021
Next filing: Sep 10, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	RKLB	Restricted Stock Units							Aug 25, 2021	Common Stock	362K		Direct	F1
holding	RKLB	Earnout Rights (restricted stock units)							Aug 25, 2021	Common Stock	29.3K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock. The RSUs are subject to time-based vesting conditions, with one-third of the RSUs vesting on August 22, 2022 and the remaining two-thirds of the RSUs vesting in eight substantially equal quarterly installments on each November 22nd, March 1st, May 22nd and August 22nd thereafter, subject, in each case, to the reporting person's continued service to the issuer. The RSUs are also subject to liquidity-based vesting conditions, which will be satisfied upon the first to occur of (i) a sale event with respect to the issuer or (ii) the issuer's initial public offering, in either case, prior to the expiration date of June 3, 2028. The time-based vesting schedule for these RSUs was incorrectly described in the reporting person's original Form 3.
F2	Each earnout right represents a contingent right (based on the reporting person's ownership of RSUs) to receive one share of the issuer's common stock. The earnout rights vest upon the issuer's common stock achieving a closing price per share equal to or greater than $20.00 for a period of at least 20 trading days out of 30 consecutive trading days during the period commencing on the 90th day following August 25, 2021 and ending on the 180th day following August 25, 2021. If the earnout rights vest, the reporting person's RSUs will be adjusted to relate to an additional number of shares of the issuer's common stock equal to the number of earnout rights that vest. If the target closing stock price is not achieved during such period, the earnout rights will be forfeited.

Content

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock. The RSUs are subject to time-based vesting conditions, with one-third of the RSUs vesting on August 22, 2022 and the remaining two-thirds of the RSUs vesting in eight substantially equal quarterly installments on each November 22nd, March 1st, May 22nd and August 22nd thereafter, subject, in each case, to the reporting person's continued service to the issuer. The RSUs are also subject to liquidity-based vesting conditions, which will be satisfied upon the first to occur of (i) a sale event with respect to the issuer or (ii) the issuer's initial public offering, in either case, prior to the expiration date of June 3, 2028. The time-based vesting schedule for these RSUs was incorrectly described in the reporting person's original Form 3.

Each earnout right represents a contingent right (based on the reporting person's ownership of RSUs) to receive one share of the issuer's common stock. The earnout rights vest upon the issuer's common stock achieving a closing price per share equal to or greater than $20.00 for a period of at least 20 trading days out of 30 consecutive trading days during the period commencing on the 90th day following August 25, 2021 and ending on the 180th day following August 25, 2021. If the earnout rights vest, the reporting person's RSUs will be adjusted to relate to an additional number of shares of the issuer's common stock equal to the number of earnout rights that vest. If the target closing stock price is not achieved during such period, the earnout rights will be forfeited.