Jon A. Olson - Sep 6, 2022 Form 4 Insider Report for Rocket Lab USA, Inc. (RKLB)

Role
Director
Signature
/s/ Jon A. Olson
Stock symbol
RKLB
Transactions as of
Sep 6, 2022
Transactions value $
$0
Form type
4
Date filed
9/8/2022, 04:23 PM
Previous filing
Jul 7, 2022
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RKLB Common Stock Options Exercise +362K +951.39% 400K Sep 6, 2022 Direct F1, F2, F3

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
transaction RKLB Restricted Stock Units Options Exercise $0 -362K -100% $0.00* 0 Sep 6, 2022 Common Stock 362K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 120,795 shares of common stock issued on settlement of Restricted Stock Units ("RSUs") on September 6, 2022, and 241,591 RSUs subject to service-based vesting.
F2 Each RSU represents a contingent right to receive one share of the issuer's common stock upon settlement.
F3 Includes 120,795 shares of common stock issued on settlement of RSUs on September 6, 2022; 241,591 RSUs previously reported in Table II that remain subject to service-based vesting requirements described in note 4 below; and 38,090 RSUs previously reported on Table I subject to service-based vesting requirements.
F4 The RSUs are subject to both a service-based vesting condition and liquidity-based vesting condition. The liquidity-based vesting condition was waived by the Board for these RSUs on September 6, 2022. One-third of the RSUs satisfied the service-based vesting condition on August 22, 2022 and were settled for 120,795 shares of common stock on September 6, 2022, and the remaining two-thirds of the RSUs vest in eight substantially equal quarterly installments on each November 22nd, March 1st, May 22nd and August 22nd thereafter. As a result of the waiver of the liquidity-based vesting condition, the reporting person has elected to report the remaining unvested RSUs on Table I consistent with other service-based vesting RSU reporting.

Remarks:

Exhibit 24 - Power of Attorney