Clevenger Marvin Bradford 4
Research Summary
AI-generated summary
Rocket Lab (RKLB) President Marvin Clevenger Sells 3,500 Shares
What Happened
Marvin Bradford Clevenger, President of Rocket Lab USA, Inc., sold 3,500 shares of Rocket Lab Corp. (RKLB) in an open-market transaction on 2026-05-28. The filing reports a weighted-average sale price of $146.67 per share, for total proceeds of approximately $513,356.
Key Details
- Transaction date: 2026-05-28 (reported on Form 4 filed 2026-06-01)
- Transaction type: Sale (code S) — open market/private sale
- Shares sold: 3,500; weighted-average price: $146.67; total value ≈ $513,356
- Price range (per footnote): $146.6000 to $146.7800; reporting person can provide breakdown on request (Footnote F1)
- Shares owned after the transaction: not disclosed in the provided filing
- Filing note: Form 4 filed 2026-06-01 covering the 5/28 transaction (timeliness not specified in provided data)
Context
Sales by insiders can be routine (diversification, tax planning, etc.) and do not by themselves signal company performance. Purchases tend to be more informative about insider conviction. This record documents a straightforward open-market sale by a senior executive; no option exercises, gifts, or 10b5-1 plans are noted in the provided details.