Convertible noteholders convert $118.1M of notes into 23.0M Rocket Lab shares

During the first quarter of 2026 holders converted about $118.1 million of principal on Rocket Lab's convertible senior notes into 23,033,250 common shares. The 10-Q said holders could also convert between April 1 and June 30, 2026, because the stock traded above the conversion threshold during the quarter. Conversions remove debt but add shares, which matters for per-share results.

• $118.1M of convertible note principal converted in Q1 2026
• 23,033,250 common shares issued on conversion
• Conversion window April 1 to June 30, 2026 opened after the stock price trigger