Form 4: Khosla Ventures Distributes Rocket Lab Shares to Limited Partners

Khosla Ventures Seed B, L.P. distributed shares of Rocket Lab USA, Inc. common stock to its limited partners and general partners on August 12, 2024.

Summary

• On August 12, 2024, Khosla Ventures Seed B, L.P. (KV Seed B) distributed 10,752,561 shares of Rocket Lab USA, Inc. common stock to its limited partners and general partners.
• Khosla Ventures Seed B (CF), L.P. (KV Seed B (CF)) distributed 610,362 shares of common stock to its limited partners and general partners on the same date.
• The distributions were made on a pro rata basis for no consideration.
• Khosla Ventures Seed Associates B, LLC (KVA Seed B) received 5,250,283 shares from KV Seed B and 209,253 shares from KV Seed B (CF).
• KVA Seed B subsequently distributed all of its received shares to its underlying members, with VK Services, LLC receiving 4,067,887 shares.
• As a result, VK Services, LLC is now the record owner of 24,597,132 shares of common stock, while KVA Seed B holds no shares.
• Khosla Ventures V, L.P. holds 37,823,617 shares.
• Vinod Khosla is the managing member of VK Services, LLC, which manages KVA Seed B and Khosla Ventures Associates V, LLC.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their respective pecuniary interests.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a distribution of shares. The impact on the company is likely minimal as it's an internal transfer within existing ownership.

Industry Context

This distribution reflects a potential shift in ownership structure within Rocket Lab's major shareholders, which is a common occurrence as venture capital firms mature and distribute assets to their limited partners.

Stakeholder Impact

• The distribution of shares could potentially lead to a broader base of individual shareholders among the limited partners of Khosla Ventures.

Key Dates