=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-18
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: SPACE EXPLORATION TECHNOLOGIES CORP (SPCX)
CIK: 0001181412
--- Reporting Owner ---
Name: Shotwell Gwynne
CIK: 0001768956
Role: Director, Officer (President and COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-04-18 | Code: M (Exercise of derivative)
Shares: +138,900 | Price: $8.40
Total Value: $1,166,732.22
Shares Owned After: 2,397,625 | Ownership: D (Direct)
[Transaction #2]
Security: Class A Common Stock
Date: 2026-04-18 | Code: M (Exercise of derivative)
Shares: +74,410 | Price: $11.20
Total Value: $833,392.00
Shares Owned After: 2,472,035 | Ownership: D (Direct)
[Transaction #3]
Security: Class A Common Stock
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: +138,900 | Price: $8.40
Total Value: $1,166,732.22
Shares Owned After: 2,610,935 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[Transaction #4]
Security: Class A Common Stock
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: +74,405 | Price: $11.20
Total Value: $833,336.00
Shares Owned After: 2,685,340 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[Transaction #5]
Security: Class A Common Stock
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: +128,865 | Price: $19.40
Total Value: $2,499,981.00
Shares Owned After: 2,814,205 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[Transaction #6]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -12,500 | Price: $151.15
Total Value: $1,889,393.75
Shares Owned After: 2,801,705 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F2] Represents the weighted average sale price. The highest price at which shares were sold was $151.58 and the lowest price at which shares were sold was $150.61. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[Transaction #7]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -7,600 | Price: $151.93
Total Value: $1,154,646.72
Shares Owned After: 2,794,105 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F3] Represents the weighted average sale price. The highest price at which shares were sold was $152.60 and the lowest price at which shares were sold was $151.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[Transaction #8]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -145,809 | Price: $153.27
Total Value: $22,348,568.28
Shares Owned After: 2,648,296 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F4] Represents the weighted average sale price. The highest price at which shares were sold was $153.61 and the lowest price at which shares were sold was $152.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[Transaction #9]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -151,844 | Price: $153.95
Total Value: $23,376,095.30
Shares Owned After: 2,496,452 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F5] Represents the weighted average sale price. The highest price at which shares were sold was $154.61 and the lowest price at which shares were sold was $153.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
[Transaction #10]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -24,417 | Price: $154.72
Total Value: $3,777,788.47
Shares Owned After: 2,472,035 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F6] Represents the weighted average sale price. The highest price at which shares were sold was $154.94 and the lowest price at which shares were sold was $154.63. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
--- Derivative Transactions ---
[Transaction #1]
Security: Option to Buy (Class A Common Stock)
Date: 2026-04-18 | Code: M (Exercise of derivative)
Shares: -138,900 | Price: $0.00
Exercise Price: $8.40
Exercisable: N/A | Expires: 2031-04-20
Shares Owned After: 194,450 | Ownership: D (Direct)
Footnotes:
[F7] The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
[Transaction #2]
Security: Option to Buy (Class A Common Stock)
Date: 2026-04-18 | Code: M (Exercise of derivative)
Shares: -74,410 | Price: $0.00
Exercise Price: $11.20
Exercisable: N/A | Expires: 2032-04-27
Shares Owned After: 104,165 | Ownership: D (Direct)
Footnotes:
[F7] The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
[Transaction #3]
Security: Option to Buy (Class A Common Stock)
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: -138,900 | Price: $0.00
Exercise Price: $8.40
Exercisable: N/A | Expires: 2031-04-20
Shares Owned After: 55,550 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F7] The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
[Transaction #4]
Security: Option to Buy (Class A Common Stock)
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: -74,405 | Price: $0.00
Exercise Price: $11.20
Exercisable: N/A | Expires: 2032-04-27
Shares Owned After: 29,760 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F7] The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
[Transaction #5]
Security: Option to Buy (Class A Common Stock)
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: -128,865 | Price: $0.00
Exercise Price: $19.40
Exercisable: N/A | Expires: 2034-05-16
Shares Owned After: 489,695 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
[F8] The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.
--- Holdings ---
[Holding #1]
Security: Class A Common Stock
Ownership: I (Indirect)
[Holding #2]
Security: Class A Common Stock
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
F2: Represents the weighted average sale price. The highest price at which shares were sold was $151.58 and the lowest price at which shares were sold was $150.61. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3: Represents the weighted average sale price. The highest price at which shares were sold was $152.60 and the lowest price at which shares were sold was $151.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4: Represents the weighted average sale price. The highest price at which shares were sold was $153.61 and the lowest price at which shares were sold was $152.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5: Represents the weighted average sale price. The highest price at which shares were sold was $154.61 and the lowest price at which shares were sold was $153.62. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6: Represents the weighted average sale price. The highest price at which shares were sold was $154.94 and the lowest price at which shares were sold was $154.63. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7: The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2026, subject to the Reporting Person's continued employment with the Issuer.
F8: The remaining outstanding options will vest in approximately equal monthly installments through November 15, 2029, subject to the Reporting Person's continued employment with the Issuer.
--- Signature ---
/s/ /s/ Sheldon Nagesh, as attorney-in-fact (2026-09-24)
