## Filing Overview
**Insider Name**: [[Jon A. Olson]]
**Type of Filing**: [[Filing Definitions#Form 3|Form 3]]
**Filing Date**: 2021-09-14
**Transaction Date**: 2021-08-25
**Transaction Type**: Initial Statement of Beneficial Ownership
**Number of Shares**: 362,386 RSUs and 29,284 Earnout Rights
**Transaction Price**: N/A
**Remaining Holdings**: N/A
**Change in Holdings**: +100%
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## Notes
- This Form 3 filing represents the **initial statement of beneficial ownership** for [[Jon A. Olson]] as a Director of Rocket Lab USA, Inc.
- [[Jon A. Olson]] owns **362,386 restricted stock units (RSUs)**, which vest according to a time-based schedule and liquidity-based conditions:
- One-third vest on **August 22, 2022**.
- The remaining two-thirds vest in eight quarterly installments thereafter, subject to continued service.
- Liquidity-based conditions include either a sale event or the company’s IPO before **June 3, 2028**.
- An additional **29,284 Earnout Rights** vest if the company’s stock achieves a closing price of $20.00 or more for at least 20 out of 30 consecutive trading days, within a specified period post-IPO. Unmet conditions result in forfeiture.
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## Filing
![[a4cfd822-b26a-4949-8832-a8118c051653.pdf]]