Rocket Lab COO Frank Klein Sells Shares Worth $3.2 Million
Frank Klein, Chief Operations Officer at Rocket Lab (NASDAQ:RKLB), sold 45,692 shares for approximately $3.2 million in a non-discretionary transaction under Rule 10b5-1 to cover tax obligations from restricted stock units. The sale occurred on August 24, 2026, at an average price of $69.63 per share. Klein still holds over 961,295 shares directly valued at around $65.64 million as of the market close following the transaction. Rocket Lab has a current market capitalization of $38.7 billion and reported trailing twelve-month revenue of $769.1 million alongside a net loss of $165.5 million. The company provides orbital launch services, spacecraft engineering, and space infrastructure solutions for defense and commercial clients. The stock had returned 54% over the past year as of August 24, 2026.
Tickers: $RKLB
Topics: executive_stock_sale Rocket_Lab SEC_filing