Rocket Lab SEC Filings

This SC 13D/A (Amendment No. 4) updates Bessemer Venture Partners' beneficial ownership in Rocket Lab USA, Inc. As of Dec 31, 2023, affiliates hold 40,738,544 shares (8.4% of 485.9M outstanding). It discloses a pro rata distribution of 8,142,482 shares to limited partners on July 26, 2023. Investors should note continued significant VC stake.

This SC 13G/A amendment reports The Vanguard Group's beneficial ownership of Rocket Lab USA Inc. common stock as of December 29, 2023. Vanguard holds 26,551,789 shares, representing 5.46% of the class, primarily with sole dispositive power. As a passive investor under Rule 13d-1(b), it signals institutional confidence without control intent, relevant for tracking major shareholders.

Rocket Lab issued $355 million aggregate principal of 4.250% Convertible Senior Notes due 2029 on February 6, 2024, including $55 million from initial purchasers' option exercise. The notes accrue 4.25% interest semi-annually and are convertible at ~$5.13/share. Company entered $43.2M capped call transactions to offset dilution.

This SC 13G/A amendment reports BlackRock, Inc.'s beneficial ownership in Rocket Lab USA Inc.'s Class A Common Stock dropping to 23,964,290 shares (4.9%) as of January 31, 2024, below the 5% threshold. Filed under Rule 13d-1(b) as a passive investor, it discloses cessation of >5% ownership. Relevant for investors tracking institutional holdings.

This SC 13G/A (Amendment No. 2) discloses that Future Fund Board of Guardians and Future Fund Investment Company No.5 Pty Ltd no longer beneficially own any shares of Rocket Lab USA, Inc. common stock, down from over 5% previously. Filed due to dropping below the 5% threshold as of December 31, 2023. Relevant for investors as it signals complete divestment by a major institutional holder.

This SC 13G filing reports BlackRock, Inc.'s beneficial ownership of 24,678,281 shares (5.1%) of Rocket Lab USA Inc.'s Class A Common Stock as of December 31, 2023. BlackRock, a parent holding company, files under Rule 13d-1(b) as a passive investor with no intent to control the issuer. It highlights institutional interest in Rocket Lab's space launch business.

Rocket Lab commenced a $275M private offering of Convertible Senior Notes due 2029 on Jan 31, 2024, and priced an upsized $300M offering at 4.25% on Feb 1. Initial purchasers have a 13-day option for up to $55M additional notes. The company entered capped call transactions to mitigate dilution.

Rocket Lab released preliminary unaudited Q4 2023 financial results, reporting revenue between $59 million and $61 million. The quarter was impacted by an Electron launch postponement, which was partially offset by growth in the Space Systems business. Final audited results are scheduled for release on February 27, 2024.

Arjun Kampani, General Counsel at Rocket Lab USA, acquired 220,594 restricted stock units (RSUs) on January 6, 2024, at $0 per share, increasing his direct holdings to 726,541 shares. This is a standard equity compensation award under the 2021 Stock Incentive Plan. The signal is neutral, as it reflects routine compensation rather than discretionary buying or selling.

Rocket Lab filed an 8-K on January 8, 2024, under Item 7.01 furnishing a press release about its December 21, 2023 agreement. No new financial impacts quantified. The disclosure ensures Reg FD compliance.