Form 4: Space Exploration Technologies COO Sells Shares
Insider Transaction (Form 4)
Gwynne Shotwell, President and COO and a Director of Space Exploration Technologies Corp, sold 342,170 shares of common stock on April 18, 2026.
Summary
- Option exercise/conversion: acquired 138,900 Class A Common Stock at $8.40 ($1,166,732) on April 18, 2026; holds 2,397,625 after (Direct).
- Option exercise/conversion: acquired 74,410 Class A Common Stock at $11.20 ($833,392) on April 18, 2026; holds 2,472,035 after (Direct).
- Option exercise/conversion: acquired 138,900 Class A Common Stock at $8.40 ($1,166,732) on September 22, 2026; holds 2,610,935 after (Direct).
- Option exercise/conversion: acquired 74,405 Class A Common Stock at $11.20 ($833,336) on September 22, 2026; holds 2,685,340 after (Direct).
- Option exercise/conversion: acquired 128,865 Class A Common Stock at $19.40 ($2,499,981) on September 22, 2026; holds 2,814,205 after (Direct).
- Open-market sale: disposed of 12,500 Class A Common Stock at $151.15 ($1,889,394) on September 22, 2026; holds 2,801,705 after (Direct).
- Open-market sale: disposed of 7,600 Class A Common Stock at $151.93 ($1,154,647) on September 22, 2026; holds 2,794,105 after (Direct).
- Open-market sale: disposed of 145,809 Class A Common Stock at $153.27 ($22,348,568) on September 22, 2026; holds 2,648,296 after (Direct).
- Open-market sale: disposed of 151,844 Class A Common Stock at $153.95 ($23,376,095) on September 22, 2026; holds 2,496,452 after (Direct).
- Open-market sale: disposed of 24,417 Class A Common Stock at $154.72 ($3,777,788) on September 22, 2026; holds 2,472,035 after (Direct).
- Option exercise/conversion: disposed of 138,900 Option to Buy (Class A Common Stock) on April 18, 2026; holds 194,450 after (Direct).
- Option exercise/conversion: disposed of 74,410 Option to Buy (Class A Common Stock) on April 18, 2026; holds 104,165 after (Direct).
- Option exercise/conversion: disposed of 138,900 Option to Buy (Class A Common Stock) on September 22, 2026; holds 55,550 after (Direct).
- Option exercise/conversion: disposed of 74,405 Option to Buy (Class A Common Stock) on September 22, 2026; holds 29,760 after (Direct).
- Option exercise/conversion: disposed of 128,865 Option to Buy (Class A Common Stock) on September 22, 2026; holds 489,695 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $52,546,493 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Gwynne Shotwell — Director, Officer (President and COO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-04-18 | Option exercise/conversion | Class A Common Stock | 138,900 | $8 | $1.2M | 2,397,625 |
| 2026-04-18 | Option exercise/conversion | Class A Common Stock | 74,410 | $11 | $833.4K | 2,472,035 |
| 2026-09-22 | Option exercise/conversion | Class A Common Stock | 138,900 | $8 | $1.2M | 2,610,935 |
| 2026-09-22 | Option exercise/conversion | Class A Common Stock | 74,405 | $11 | $833.3K | 2,685,340 |
| 2026-09-22 | Option exercise/conversion | Class A Common Stock | 128,865 | $19 | $2.5M | 2,814,205 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 12,500 | $151 | $1.9M | 2,801,705 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 7,600 | $152 | $1.2M | 2,794,105 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 145,809 | $153 | $22.3M | 2,648,296 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 151,844 | $154 | $23.4M | 2,496,452 |
| 2026-09-22 | Open-market sale | Class A Common Stock | 24,417 | $155 | $3.8M | 2,472,035 |
| 2026-04-18 | Option exercise/conversion | Option to Buy (Class A Common Stock) | 138,900 | — | — | 194,450 |
| 2026-04-18 | Option exercise/conversion | Option to Buy (Class A Common Stock) | 74,410 | — | — | 104,165 |
| 2026-09-22 | Option exercise/conversion | Option to Buy (Class A Common Stock) | 138,900 | — | — | 55,550 |
| 2026-09-22 | Option exercise/conversion | Option to Buy (Class A Common Stock) | 74,405 | — | — | 29,760 |
| 2026-09-22 | Option exercise/conversion | Option to Buy (Class A Common Stock) | 128,865 | — | — | 489,695 |
Key Dates
| Date | Description |
|---|---|
| 2026-04-18 | Option exercise/conversion (138,900 shares) |
| 2026-04-18 | Option exercise/conversion (74,410 shares) |
| 2026-09-22 | Option exercise/conversion (138,900 shares) |
| 2026-09-22 | Option exercise/conversion (74,405 shares) |
| 2026-09-22 | Option exercise/conversion (128,865 shares) |
| 2026-09-22 | Open-market sale (12,500 shares) |
| 2026-09-22 | Open-market sale (7,600 shares) |
| 2026-09-22 | Open-market sale (145,809 shares) |
| 2026-09-22 | Open-market sale (151,844 shares) |
| 2026-09-22 | Open-market sale (24,417 shares) |
| 2026-04-18 | Option exercise/conversion (138,900 shares) |
| 2026-04-18 | Option exercise/conversion (74,410 shares) |
| 2026-09-22 | Option exercise/conversion (138,900 shares) |
| 2026-09-22 | Option exercise/conversion (74,405 shares) |
| 2026-09-22 | Option exercise/conversion (128,865 shares) |
Keywords
insider transaction, Form 4, SPCX, SPACE EXPLORATION TECHNOLOGIES CORP, bearish, Gwynne Shotwell
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