Rocket Lab CFO Adam Spice Sells $7.4 Million of Stock After Exercising $1.09 Options
Rocket Lab Chief Financial Officer Adam Spice sold $7.40 million of the space company's stock after exercising stock options that cost him $1.09 a share, according to a Form 4 filed Tuesday night.
On Nov. 2, Spice exercised options to buy 140,157 Rocket Lab shares at $1.09 each, then sold the same number of shares at weighted average prices ranging from $51.2804 to $54.7849. The sales totaled $7,398,440, an average of $52.79 per share.
The sales occurred automatically under a Rule 10b5-1 trading plan Spice adopted on June 3, 2026, the filing said. Such plans let insiders schedule stock sales in advance.
Options from 2018
The exercised options were granted on Aug. 3, 2018, and were set to expire on Aug. 3, 2028. After the exercise, Spice still holds 2,102,354 options from that grant, according to the filing.
What he still holds
Spice directly owns 1,155,967 Rocket Lab shares after the sales, the same as before the option exercise. He also holds 250,000 shares indirectly through a trust.
By the numbers
- Options exercised: 140,157 at $1.09
- Shares sold: 140,157
- Total sale value: $7,398,440
- Sale date: Nov. 2, 2026
- Shares held directly after: 1,155,967
- 10b5-1 plan adopted: June 3, 2026
Sources
- Form 4 filed by Rocket Lab Chief Financial Officer Adam C. Spice, filed Nov. 3, 2026 (accession 0002001011-26-000144)
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.
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