Aparna Chitale - Jun 9, 2022 Form 3/A - Amendment Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role
Chief People Officer
Signature
/s/ Aparna Chitale
Stock symbol
SPCE
Transactions as of
Jun 9, 2022
Transactions value $
$0
Form type
3/A - Amendment
Date filed
1/20/2023, 06:39 PM
Date Of Original Report
Jun 13, 2022
Next filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPCE Common Stock 155K Jun 9, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes: (1) an award of 20,126 Restricted Stock Units ("RSUs") granted on September 30, 2021, which vested as to 50% of the RSUs on September 30, 2021 and the remaining 50% of which vested on September 30, 2022; (2) an award of 30,190 RSUs granted on September 30, 2021, which vested as to 25% of the RSUs on September 30, 2022 and the remaining 75% of which vest in 12 quarterly installments thereafter beginning on December 30, 2022; (3) an award of 90,547 RSUs granted on March 16, 2022, in which 25% of the RSUs will vest on March 16, 2023 and the remaining 75% of which vest in 12 quarterly installments thereafter beginning on June 16, 2023, in each case, subject to the Reporting Person's continued service through the applicable vest date; and (4) an award of 17,718 performance share units ("PSUs") granted on March 16, 2022, each of which represents a contingent right to receive one share of the Issuer's common stock.
F2 (Continued from footnote 1) The PSUs will vest based on the achievement of growth rates in the price of the Issuer's common stock between March 17, 2022 and March 16, 2025, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the target amount under the PSU award. The RSUs and PSUs settle in shares of the Issuer's common stock.
F3 This Form 3 Amendment is being filed to correct an error in Table I, Column 2 of the Reporting Person's Form 3 filed on June 13, 2022 (the "Original Filing") to account for the March 16, 2022 PSU award and to reflect certain withholdings for RSUs that vested on September 30, 2021. All other information in the Original Filing was correct. The amount reported in Column 2 of Table I has been updated to reflect the number of shares of common stock held by the Reporting Person as of the date of the Original Filing.

Remarks:

Chief People Officer