Rocket Lab CEO Peter Beck Establishes 10b5-1 Plan to Sell Up to 5M Shares and Cancels RSUs

This Schedule 13D/A filing by Rocket Lab CEO Peter Beck discloses significant changes to his equity holdings. On March 27, 2026, Beck established a Rule 10b5-1 trading plan allowing Goldman Sachs to sell up to 5 million shares of Rocket Lab common stock, representing just over 10% of his direct and indirect beneficial ownership. The plan, which expires July 8, 2026, is for diversification, estate planning, and philanthropic purposes. Additionally, on March 30, 2026, Beck voluntarily forfeited and cancelled all 392,155 unvested restricted stock units, redirecting the capital toward company priorities and strategic R&D initiatives. The filing also reports recent tax-related sales of 18,857 shares in March 2026. Beck maintains beneficial ownership of approximately 46.4 million shares (7.51% of outstanding shares) through direct holdings and convertible preferred stock held by Equatorial Trust.