Rocket Lab CFO Adam Spice exercises and sells 140,157 shares for about $9.9 million

Rocket Lab Chief Financial Officer Adam Spice exercised a block of 2018 stock options and sold the shares for nearly $10 million on Oct. 1, according to a Form 4 filed Friday.

Spice exercised 140,157 employee stock options at $1.09 a share, then sold the same number of shares in three batches at weighted-average prices of $70.28, $70.89 and $71.79. Individual trades ranged from $69.53 to $72.39. Using the reported weighted averages, the sales total about $9.9 million, an IDD calculation.

The filing says the sales "occurred automatically" under a Rule 10b5-1 trading plan Spice adopted on June 3, 2026.

According to the filing, the options were granted on Aug. 3, 2018, and vested over four years from a May 25, 2018 start date.

After the transactions, Spice reported owning 1,155,967 Rocket Lab shares directly and 250,000 shares through a trust. He also reported 2,242,511 options remaining in the 2018 grant.

By the numbers

• Options exercised: 140,157 at $1.09
• Shares sold: 140,157 (Oct. 1, 2026)
• Approximate proceeds: $9.9 million
• Direct holdings after: 1,155,967 shares
• Held by trust: 250,000 shares
• Remaining options in grant: 2,242,511

Sources

1. Rocket Lab Corp Form 4 for Adam C. Spice, filed Oct. 2, 2026, accession 0002001011-26-000143

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.