---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-001137"
form_type: "8-K"
ticker: "RKLB"
cik: "0001819994"
company_name: "Rocket Lab Corp"
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:30:03.463057+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rocket Lab completes preferred stock exchange with founder, issuing 50.95M Series A shares

## Summary
- On Jan 7, 2025, Rocket Lab issued 50,951,250 shares of Series A Convertible Participating Preferred Stock to Sir Peter Beck's trust.
- Each preferred share is convertible into common at holder's option; automatic conversion on transfer, CEO departure, death, or <5% beneficial ownership.
- Holders voting as a separate class may elect at least one director (or 10% of board if board exceeds 10 members).
- Preferred stock is not redeemable by the company; liquidation preference of $0.0001 per share, then participates pari passu with common.
- Exchange previously disclosed on Dec 3, 2024; consummation filed Certificate of Designation with Delaware Secretary of State.

## SEC filing metadata
- accession: 0001628280-25-001137
- form_type: 8-K
- ticker: RKLB
- cik: 0001819994
- company_name: Rocket Lab Corp
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819994/000162828025001137/0001628280-25-001137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819994/000162828025001137/rklb-20250107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-001137
- JSON: https://secwatch.observer/filing/0001628280-25-001137.json
- Plain text: https://secwatch.observer/filing/0001628280-25-001137.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.