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Insider Trading - December 13, 2022
Director Griffin sold 50,688 shares ($209K) indirectly via LogiQ, Inc.
Brief
Michael D. Griffin, a Director at Rocket Lab USA (RKLB), sold 50,688 shares of common stock on 12/12/2022 at $4.12 weighted average price through LogiQ, Inc. This reduced indirect holdings to zero. The discretionary sale (no 10b5-1 noted) signals moderately bearish insider sentiment.
Detailed Brief
On December 12, 2022, Michael D. Griffin, Director of Rocket Lab USA Inc. (RKLB), executed a sale of 50,688 shares of common stock indirectly held by LogiQ, Inc., at a weighted average price of $4.12 per share (range $4.11-$4.15), totaling approximately $208,834. Post-transaction, beneficial ownership via LogiQ is zero, indicating a complete liquidation of those holdings. Griffin disclaims beneficial ownership except for pecuniary interest therein. No Rule 10b5-1 trading plan is referenced, suggesting a discretionary transaction. No prior patterns or cluster selling evident in this filing; price was near 52-week lows amid post-SPAC volatility.
Key Telemetry
- • Sold 50,688 shares ($209K), 100% of indirect holdings via LogiQ, Inc.
- • Discretionary sale (no 10b5-1 plan indicated)
- • Executed at $4.12, near 52-week low
- • No earnings or major announcements immediately adjacent
Risk Signals
Impact Vector
This discretionary liquidation of all LogiQ-held shares signals moderate bearish confidence from Director Griffin in RKLB's near-term outlook, though limited pecuniary interest disclaimer somewhat mitigates the signal strength.