Griffin Michael D - Sep 6, 2022 Form 4 Insider Report for Rocket Lab USA, Inc. (RKLB)

Role
Director
Signature
/s/ Michael D. Griffin
Stock symbol
RKLB
Transactions as of
Sep 6, 2022
Transactions value $
$0
Form type
4
Date filed
9/8/2022, 04:24 PM
Previous filing
Jun 27, 2022
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RKLB Common Stock Options Exercise +608K +1596.89% 646K 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 -608K -100% $0.00* 0 Sep 6, 2022 Common Stock 608K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 456,192 shares of common stock issued on settlement of Restricted Stock Units ("RSUs") on September 6, 2022, and 152,064 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 456,192 shares of common stock issued on settlement of RSUs on September 6, 2022; 152,064 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-twelfth of the RSUs satisfied the service-based vesting condition every three months from July 30, 2020 and were settled for 456,192 shares of common stock on September 6, 2022, and the remaining RSUs will vest on the same schedule. 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