Arjun Kampani, Senior Vice President and General Counsel of Rocket Lab Corp (NASDAQ: RKLB), sold 7,754 common shares in a sell-to-cover transaction valued at $539,896 to fulfill tax withholding obligations tied to restricted stock unit (RSU) vesting.
The sales were executed across three tranches on August 24, 2026, with weighted average prices ranging from $69.53 to $71.17 per share. Kampani retains 256,951 ordinary shares of Rocket Lab following the transaction.
Rocket Lab shares were trading at $66.18 at the time of reporting, down more than 9% over the prior week. The decline follows heightened volatility linked to the company's pending acquisition of Iridium Communications Inc., which will become an indirect wholly-owned subsidiary upon completion. Rocket Lab has disclosed the deal to the U.S. Securities and Exchange Commission.
Financial performance remains robust despite the stock's recent pullback. Rocket Lab reported second-quarter revenue 1% above consensus estimates, a 62% year-over-year increase to approximately $234.1 million—the highest on record. Third-quarter revenue guidance also exceeded expectations by 8%.
Analysts have maintained a constructive outlook. Cantor Fitzgerald raised Rocket Lab's price target to $122, citing strong fiscal Q2 results and the on-track schedule for the Neutron rocket's first launch later in 2026. Citizens reiterated an Outperform rating with a $130 price target.
The transaction reflects standard tax-related selling activity rather than a change in Kampani's long-term holdings or confidence in the company's prospects.
