SpaceX Director Antonio J. Gracias Amends Form 4 Regarding 42.8M Share In-Kind Distribution

Executive Overview

On September 30, 2026, Space Exploration Technologies Corp (SpaceX) director Antonio J. Gracias filed an amended Form 4 (Form 4/A) covering an event dated September 11, 2026. The filing amends the original Form 4 filed on September 15, 2026, reporting a pro rata distribution in-kind of 42,790,223 shares of Class A Common Stock by several affiliated Valor Equity Partners entities.

Transaction & Amendment Breakdown

• Nature of Transaction: Pro rata distributions in-kind, without consideration, by entities including Valor IV Space Holdings, LLC, Valor M33 II L.P., Valor M33 L.P., Valor R&D Series LLC, and Valor Space Holdings, LLC. The distributions were executed pursuant to a pre-set Rule 10b5-1 in-kind distribution plan established on June 12, 2026.
• Reason for Amendment: The reporting person filed the amendment to clarify that the original filing was voluntary because the distributions in-kind did not alter his pecuniary interest (qualifying as non-reportable changes in form of beneficial ownership under Rule 16a-13). Additionally, the amendment corrects omitted holdings, accounting for continued ownership of distributed shares retained directly or through affiliated trusts.
• Post-Transaction Holdings:
  • Valor Entities (Indirect): 460,624,307 shares
  • Direct (Self & Children): 1,040,862 shares
  • AJG Growth Fund LLC (Indirect): 1,170,344 shares
  • Gracias 2009 Family Trust (Indirect): 2,078,622 shares

Market Impact & Significance

This transaction carries Low trading significance for market participants. The disposition represents a mechanical, pro rata distribution in-kind to fund partners/investors rather than an open-market sale or liquidation. Director Antonio J. Gracias maintains substantial indirect governance and beneficial exposure over 460M+ shares through Valor Entities, alongside direct and family trust holdings exceeding 4.2M shares.