Future Fund Exits Rocket Lab Position, Now Holds 0 Shares

TL;DR

**Future Fund sold all its Rocket Lab shares; they're out!**

AI Summary

The Future Fund Board of Guardians, an Australian sovereign wealth fund, filed an amended SC 13G/A for Rocket Lab USA, Inc. on February 7, 2024. This amendment, filed under Rule 13d-1(d), indicates that as of December 31, 2023, they no longer beneficially own any shares of Rocket Lab's common stock, holding 0 shares with both sole and shared voting and dispositive power. This matters to investors because it signals a complete exit from their position in Rocket Lab, potentially removing a large institutional holder from the shareholder base.

Why It Matters

This filing shows a major institutional investor, Future Fund Board of Guardians, has completely sold off its stake in Rocket Lab, which could be interpreted negatively by the market as a loss of institutional confidence.

Risk Assessment

Risk Level: medium — The complete divestment by a large institutional investor like Future Fund could signal a lack of confidence and potentially put downward pressure on the stock.

Analyst Insight

A smart investor would monitor Rocket Lab's stock performance and news for any further institutional selling or buying activity, and consider if this divestment by Future Fund aligns with their own investment thesis for the company.

Key Numbers

• 0 — Shares Beneficially Owned (Future Fund Board of Guardians now owns zero shares of Rocket Lab USA, Inc.)
• December 31, 2023 — Event Date (The date as of which the ownership change occurred, leading to this filing.)

Key Players & Entities

• Future Fund Board of Guardians (company) — the reporting person, an Australian sovereign wealth fund
• Rocket Lab USA, Inc. (company) — the subject company whose shares were reported
• December 31, 2023 (date) — the date of the event requiring the filing
• 0 (dollar_amount) — number of shares beneficially owned by Future Fund

Forward-Looking Statements

• Rocket Lab's stock price may experience short-term negative pressure due to the institutional exit. (Rocket Lab USA, Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Rocket Lab following Future Fund's complete divestment. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti

Filing Documents

• tm245541d1_sc13ga.htm (SC 13G/A) — 50KB
• 0001104659-24-011719.txt ( ) — 52KB

Ownership

Item 4. Ownership (a)Amount Beneficially Owned: 0 (b)Percent of Class: 0% (c)Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 Page 4 of 6 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. Not applicable.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Future Fund Investment Company No. 5 Pty Ltd holds, indirectly through The Northern Trust Company, a company incorporated in the State of Illinois, in its capacity as custodian for the Reporting Person, the ownership interest reported herein in Rocket Lab USA, Inc. By virtue of Future Fund Board of Guardians being the parent of Future Fund Investment Company No. 5 Pty Ltd., Future Fund Board of Guardians may be deemed to share beneficial ownership of shares beneficially held by Future Fund Investment Company No. 5 Pty Ltd.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 5 of 6 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 7, 2024 Executed by Future Fund Board of Guardians by: /s/Genevieve Murray /s/Cameron Price Signature of Authorised Signatory Signature of Authorised Signatory Genevieve Murray Cameron Price Name of Authorised Signatory Name of Authorised Signatory Executed by Future Fund Investment Company No.5 Pty Ltd by: /s/ Kylie Yong /s/ Robyn Weatherley Signature of Director Signature of Company Secretary Kylie Yong Robyn Weatherley Name of Director Name of Company Secretary Page 6 of 6