SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shotwell Gwynne

(Last)(First)(Middle)
C/O SPACE EXPLORATION TECHNOLOGIES CORP.
1 ROCKET ROAD

(Street)
STARBASE TEXAS 78521

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SPACE EXPLORATION TECHNOLOGIES CORP [ SPCX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock04/18/2026M138,900A$8.39982,397,625D
Class A Common Stock04/18/2026M74,410A$11.22,472,035D
Class A Common Stock09/22/2026M(1)138,900A$8.39982,610,935D
Class A Common Stock09/22/2026M(1)74,405A$11.22,685,340D
Class A Common Stock09/22/2026M(1)128,865A$19.42,814,205D
Class A Common Stock09/22/2026S(1)12,500D$151.1515(2)2,801,705D
Class A Common Stock09/22/2026S(1)7,600D$151.9272(3)2,794,105D
Class A Common Stock09/22/2026S(1)145,809D$153.2729(4)2,648,296D
Class A Common Stock09/22/2026S(1)151,844D$153.9481(5)2,496,452D
Class A Common Stock09/22/2026S(1)24,417D$154.7196(6)2,472,035D
Class A Common Stock1,556,005IBy QM RS 2021 Exempt Trust
Class A Common Stock1,556,055IBy QM GS 2021 Exempt Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option to Buy (Class A Common Stock)$8.399804/18/2026M138,900 (7)04/20/2031Class A Common Stock138,900$0194,450D
Option to Buy (Class A Common Stock)$11.204/18/2026M74,410 (7)04/27/2032Class A Common Stock74,410$0104,165D
Option to Buy (Class A Common Stock)$8.399809/22/2026M(1)138,900 (7)04/20/2031Class A Common Stock138,900$055,550D
Option to Buy (Class A Common Stock)$11.209/22/2026M(1)74,405 (7)04/27/2032Class A Common Stock74,405$029,760D
Option to Buy (Class A Common Stock)$19.409/22/2026M(1)128,865 (8)05/16/2034Class A Common Stock128,865$0489,695D
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 23, 2026.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
Remarks:
/s/ Sheldon Nagesh, as attorney-in-fact09/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)