Form 4: Khosla Ventures Distributes Rocket Lab Shares to Partners

Khosla Ventures Seed B, L.P. distributed shares of Rocket Lab USA, Inc. common stock to its limited and general partners on March 11, 2024.

Summary

• On March 11, 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.
• The distribution was pro rata and for no consideration.
• Of these shares, 5,250,279 were received by Khosla Ventures Seed Associates B, LLC (KVA Seed B).
• Khosla Ventures Seed B (CF), L.P. (KV Seed B (CF)) also distributed 610,362 shares of common stock to its partners on the same date.
• Of these shares, 209,255 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 3,982,565 shares of common stock as a result of these distributions and is now the record owner of these shares.
• Khosla Ventures V, L.P. (KV V) holds 37,823,617 shares of common stock.
• Vinod Khosla is the managing member of VK Services, LLC, which is the sole manager of KVA Seed B and Khosla Ventures Associates V, LLC (KVA V).
• KVA Seed B, VK Services, and Vinod Khosla may be deemed to have indirect beneficial ownership of securities held by KV Seed B, KV Seed B (CF), and KV V.

Sentiment

Score: 5

Explanation: The document describes a routine share distribution, which is neither particularly positive nor negative from an investment perspective. It's a neutral event.

Industry Context

Share distributions are a common practice in venture capital, allowing partners to realize gains or adjust their portfolios.

Stakeholder Impact

• The distribution of shares could potentially increase the trading volume of Rocket Lab stock.
• The distribution of shares could potentially dilute the ownership of existing shareholders.

Key Dates