GRIFFIN MICHAEL D - 06 Sep 2022 Form 4 Insider Report for Rocket Lab USA, Inc. (RKLB)

Role
Director
Signature
/s/ Michael D. Griffin
Issuer symbol
RKLB
Transactions as of
06 Sep 2022
Net transactions value
$0
Form type
4
Filing time
08 Sep 2022, 16:24:05 UTC
Previous filing
27 Jun 2022
Next filing
29 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RKLB Common Stock Options Exercise +608,256 +1597% 646,346 06 Sep 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 -608,256 -100% $0.000000* 0 06 Sep 2022 Common Stock 608,256 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