Rocket Lab Chief Financial Officer Adam Spice sold about $7.4 million worth of company stock on November 2. The transactions were reported in filings on November 4.
Spice sold 140,157 shares at prices ranging from $50.71 to $55.00 per share. The sales were made under a pre-arranged Rule 10b5-1 trading plan.
Before the sale, Spice exercised options to acquire 140,157 shares at $1.09 each. After the transactions, he directly owned 1,155,967 shares.
The sale comes as Rocket Lab prepares to report its upcoming earnings.