Rocket Lab director Slusky sells $11.8m in shares

Alexander R. Slusky, a director at Rocket Lab Corp (NASDAQ:RKLB), sold a total of 100,000 shares of common stock on May 12, 2026. These sales amounted to $11,807,634, with prices ranging from $115.05 to $120.0097 per share. The transactions were executed indirectly through Abalone Cove LLLP. The sale comes as the stock trades near its 52-week high of $133.18, following a remarkable 426% gain over the past year.

On the same date, Mr. Slusky also disposed of 10,000 shares of Rocket Lab common stock through a bona fide gift to a charitable donor advised fund. This gift was made directly.

Following these transactions, Mr. Slusky directly holds 58,849 shares of Rocket Lab Corp common stock. Abalone Cove LLLP, through which Mr. Slusky has an indirect interest, now holds 434,675 shares. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value estimate. For investors tracking insider activity, the platform offers comprehensive insights on over 1,400 US equities.

In other recent news, Rocket Lab USA reported impressive first-quarter fiscal 2026 results, with revenue reaching $200.3 million, marking a 63.5% increase compared to the previous year. This significant growth exceeded the consensus estimate of $190.9 million, highlighting the company’s robust performance in its Space Systems and Launch Services segments. Following these results, Citizens raised its price target for Rocket Lab shares to $95 from $85, maintaining a Market Outperform rating. Similarly, Cantor Fitzgerald adjusted its price target to $96 from $85, while keeping an Overweight rating, citing Rocket Lab’s successful track record of space launches as a key competitive advantage. These developments reflect the company’s strong market position and continued growth trajectory.

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