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 May 9, 2024.

Summary

• On May 9, 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 in a pro rata distribution for no consideration.
• Of these shares, 5,250,280 were received by Khosla Ventures Seed Associates B, LLC (KVA Seed B).
• Similarly, 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.
• From this distribution, 209,255 shares were received by KVA Seed B.
• KVA Seed B subsequently distributed all shares received from KV Seed B and KV Seed B (CF) to its underlying members.
• VK Services, LLC received 4,067,811 shares from KVA Seed B's distributions and now holds a total of 8,050,876 shares.
• Khosla Ventures V, L.P. (KV V) holds 37,823,617 shares of Rocket Lab USA, Inc.
• Vinod Khosla is associated with these transactions through his roles in VK Services, KVA Seed B, and KVA V.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing share distributions, with no inherent positive or negative sentiment.

Industry Context

This filing reflects changes in the ownership structure of Rocket Lab shares held by Khosla Ventures, a significant investor. Such distributions are common in venture capital as funds mature and distribute assets to their limited partners.

Stakeholder Impact

• The distribution of shares may have a minor impact on the trading volume of Rocket Lab stock.
• The change in ownership structure could be of interest to existing shareholders.

Key Dates