The latest Form 4 filing shows that SPACE EXPLORATION TECHNOLOGIES CORP (SPCX) President and COO, and Director, Shotwell Gwynne executed multiple option exercises and stock sales on April 18, 2026 and September 22, 2026 under a Rule 10b5-1 trading plan. She exercised options to acquire a total of 213,310 shares on April 18 and an additional 342,170 shares on September 22. On September 22 she subsequently disposed of approximately 342,170 shares in five separate transactions at weighted-average prices between about $151.15 and $154.72. Although this represents sizable profit-taking at elevated prices, the transactions are pre-planned, and she continues to hold a significant stake both directly and indirectly through trusts, suggesting ongoing long-term alignment with shareholders. In the short term, however, such notable executive selling may be interpreted as a mildly bearish signal, and investors should monitor subsequent insider activity and company fundamentals.