Rocket Lab COO Frank Klein Sells Shares Worth $2.4 Million
Frank Klein, Chief Operations Officer of Rocket Lab (NASDAQ: RKLB), sold 35,558 shares for approximately $2.4 million on August 27, 2026, as disclosed in an SEC Form 4 filing. The transaction was conducted under a Rule 10b5-1 trading plan established earlier that year to manage liquidity and avoid insider trading concerns. Following the sale, Klein retained ownership of approximately 925,737 shares, representing about 0.16% of Rocket Lab's total outstanding shares. The stock was sold at a weighted average price of $66.61 per share, while closing at $67.53 on that day. Despite the sale, Klein’s remaining stake suggests continued confidence in the company. Rocket Lab reported TTM revenue of $769.1 million and a net loss of $165.5 million as of August 2026. The stock had delivered a total return of approximately 46% over the past year, though Klein's sale occurred after a recent price peak.
Tickers: $RKLB
Topics: executive sale Rocket Lab Rule 10b5-1 plan