## Filing Overview **Insider Name**: [[Peter Beck]] **Type of Filing**: [[Filing Definitions#Schedule 13D|Schedule 13D]] **Filing Date**: 12-05-2024 **Event Date**: 12-03-2024 **Percent Ownership**: 10.19% --- ## Notes - On **December 3, 2024**, [[Peter Beck]] and **Equatorial Trust** executed an **Exchange Agreement** with Rocket Lab to convert **50,951,250 shares of Common Stock** into **50,951,250 shares of Series A Convertible Participating Preferred Stock**. - This exchange ensures [[Peter Beck]] retains equivalent ownership on an as-converted basis while gaining the right to elect board members, maintaining at least **10% representation on the Board of Directors**. - The terms were part of an **Amended and Restated Employment Agreement** granting [[Peter Beck]]: - A **$800,000 annual base salary** retroactive to October 1, 2024. - An annual performance bonus (cash or RSUs) equivalent to his base salary. - **789,373 RSUs** as part of his FY24 grants, with specific vesting schedules. - An equity award valued at **$8 million** in FY25, vesting over four years. This filing outlines substantial equity restructuring and highlights [[Peter Beck]]'s continued leadership and strategic position within Rocket Lab. --- ## Filing ![[7375545c-305a-4746-aa7f-3e08e0ae5e59.pdf]]