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FORM 4
AI

Insider Trading - August 28, 2024

Filed August 28, 2024
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Period ending August 26, 2024
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0000950170-24-101379

Khosla Ventures entities distributed 2.84M shares internally ($0).

Brief

Vinod Khosla-affiliated Khosla Ventures funds (10% owners/directors) disposed of 2,688,142 and 152,591 common shares via pro rata distributions to partners on 08/26/2024 at $0/share. This internal restructuring shifted record ownership to VK Services (25.6M shares), with group retaining substantial holdings. Neutral signal as no open-market sale or economic disposition occurred.

Detailed Brief

On 08/26/2024, Khosla Ventures Seed B, L.P. distributed 2,688,142 shares of RKLB common stock pro rata to its limited and general partners for no consideration (code J), reducing its holdings to 0 (indirect). Similarly, Khosla Ventures Seed B (CF), L.P. distributed 152,591 shares, also to 0. Portions flowed to Khosla Ventures Seed Associates B, LLC, then further distributed, with VK Services, LLC receiving 1,016,469 shares, now holding 25,613,601 shares of record. The group continues to beneficially own 37,823,617 shares indirectly via Khosla Ventures V, L.P. No 10b5-1 plan noted; this is a standard VC fund liquidation/distribution to partners without cash sale, preserving overall beneficial ownership under Vinod Khosla's control. No prior pattern context in filing; neutral administrative event.

Key Telemetry

  • Internal pro rata distributions totaling ~2.84M shares at $0; no cash outflow or market sale.
  • Post-transaction: Affected funds at 0 shares, but VK Services gains record ownership of 25.6M; group holds 37.8M via KV V.
  • Transaction precedes filing by 2 days; no earnings/announcement tie evident.
  • Neutral signal: Restructuring among affiliates, common for VC funds distributing to LPs.

Impact Vector

This transaction reflects administrative redistribution among Khosla-affiliated entities, signaling no diminished insider confidence or intent to sell. Beneficial ownership by the group remains large and intact, typical VC housekeeping without bearish implications.

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