Spice Adam C., Chief Financial Officer of Rocket Lab (RKLB), has demonstrated a pronounced selling bias in recent insider transactions, with no open-market purchases recorded since at least September 2025. His 26 reported trades—all in RKLB shares—total $155.4 million in sales against $2.8 million in buys, with 21 sales occurring in the most recent activity window. The largest disposals clustered on January 5, 2026, when he sold seven blocks worth $18.9 million, $18.2 million, $17.6 million, $18.7 million, $14.5 million, $13.5 million, and $1.8 million, followed by additional multi-million-dollar sales on March 2, 2026 ($2.6 million, $797k, $489k, $300k, and $215k). Earlier disposals included a $41.4 million sale on September 19, 2025, and smaller transactions ranging from $187k to $1.9 million that month. The only non-sale transactions were two market acquisitions coded "M" in September 2025 ($2.0 million) and January 2026 ($797k), alongside three grants with zero reported value. The pattern suggests sustained monetization of equity, with no recent buys to offset the sales. All activity remains confined to Rocket Lab, where Spice maintains an executive role, with no trades in other securities disclosed during this period.
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