Rocket Lab founder appears to have executed planned stock sale, RKLB closed down 7.37%
2026-07-07 01:34
Odaily Odaily News According to the latest Form 144 filing, commercial space company Rocket Lab (RKLB) founder and CEO Peter Beck plans to sell 5 million shares of common stock around July 6, valued at approximately $465 million.
Peter Beck had previously announced this stock sale. In March, Rocket Lab stated that Peter Beck planned to sell up to 5 million shares of the company's common stock through Goldman Sachs, with the selling window potentially opening as early as the end of June 2026 and closing no later than July 8, 2026. On the day of the announcement, RKLB's stock price was $60.9.
US stock market data shows that RKLB closed at $93.09 yesterday, down 7.37%.
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