Rocket Lab Corp’s chief financial officer, Adam C. Spice, sold 9,677 common shares on August 24, 2026, under a prearranged Rule 10b5-1 trading plan to satisfy tax withholding requirements tied to restricted stock unit vesting.
The disposition totaled $673,790 at weighted average prices ranging from $69.00 to $71.17 per share. Of the total, 8,952 shares were sold at an average of $69.5345, 290 shares at $70.2023, and 435 shares at $71.17. Following the sale, Spice retains direct ownership of 1,155,967 shares and indirect ownership of 250,000 shares held in trust.
Rocket Lab’s stock closed at $66.18 on the transaction date, down 9.3% over the prior week despite a 43% increase over the past 12 months. The company’s shares are currently flagged as overvalued by InvestingPro’s Fair Value model.
Rocket Lab also disclosed second-quarter revenue of approximately $234.1 million, beating consensus by 1% and rising 62% year-over-year. The firm reiterated that its Neutron rocket program remains on track for a first launch later in 2026, though associated costs have risen.
Separately, Rocket Lab filed pro forma financial statements with the SEC regarding its pending acquisition of Iridium Communications Inc., which will operate as an indirect wholly-owned subsidiary upon completion.
Analysts have maintained bullish outlooks: Needham reiterated a buy rating with a $120 target, KeyBanc kept an overweight rating with a $135 target, Cantor Fitzgerald raised its target to $122 from $96, and Citizens maintained an outperform rating with a $130 target.
