Rocket Lab COO Frank Klein Sells Shares Worth $2.4 Million
Frank Klein, Chief Operations Officer at Rocket Lab (NASDAQ:RKLB), sold 35,558 shares of the company 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. Klein still holds over 925,000 shares directly after the sale, representing about 0.16% of Rocket Lab's total outstanding stock. The company reported $769.1 million in trailing twelve-month revenue but remains unprofitable with a net loss of $165.5 million for that period. The transaction occurred at an average price per share of $66.61, while the closing market price on August 27 was slightly higher at $67.53. Rocket Lab's stock has appreciated by nearly 46% over the past year.
Tickers: $RKLB