Form 4: Khosla Ventures Distributes Rocket Lab Shares to Partners

Khosla Ventures V, L.P. distributed a total of 6.5 million Rocket Lab shares to its limited and general partners in two separate transactions.

Summary

• Khosla Ventures V, L.P. (KV V) distributed 1,500,000 shares of Rocket Lab common stock to its limited and general partners on January 10, 2025.
• This distribution was pro rata and for no consideration.
• On January 13, 2025, KV V distributed an additional 5,000,000 shares of Rocket Lab common stock to its partners, also pro rata and for no consideration.
• Khosla Ventures Associates V, LLC (KVA V) received 560,778 shares from the first distribution and 1,869,249 shares from the second distribution.
• All shares received by KVA V were subsequently distributed to its underlying members.
• VK Services, LLC ultimately received 1,594,579 shares from the distributions, resulting in a total of 28,432,067 shares held by VK Services.
• KVA V no longer holds any shares of Rocket Lab common stock.

Sentiment

Score: 5

Explanation: The document is a routine filing related to share distribution and does not indicate any positive or negative sentiment towards the company.

Industry Context

This filing reflects a distribution of shares by a major venture capital firm, which is a common activity in the lifecycle of a company. It does not indicate any change in the underlying business of Rocket Lab.

Comparison to Industry Standards

• Venture capital firms often distribute shares to their partners after a company goes public, which is a standard practice.
• The distribution of shares is a normal part of the investment lifecycle and does not indicate any specific issues with Rocket Lab's performance or prospects.
• Similar distributions have been seen with other venture-backed companies post-IPO, such as those in the technology and biotech sectors.

Stakeholder Impact

• The distribution of shares may increase the number of individual shareholders of Rocket Lab.
• The distribution does not have a direct impact on the company's operations or financial performance.

Key Dates

Keywords

Rocket Lab, RKLB, Khosla Ventures, share distribution, beneficial ownership, common stock