Michael Colglazier - Jul 20, 2020 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Signature
/s/ Aaron Futch, Attorney-in-fact for Michael Colglazier
Stock symbol
SPCE
Transactions as of
Jul 20, 2020
Transactions value $
-$398,772
Form type
4
Date filed
1/20/2023, 06:41 PM
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Tax liability -$399K -17.4K -3.04% $22.98* 553K Jul 20, 2020 Direct F1, F2
transaction SPCE Common Stock Award $0 +82.1K +8.44% $0.00 1.06M Mar 17, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligations upon the vesting of Restricted Stock Units granted on July 20, 2020.
F2 Represents the number of shares of common stock held by the Reporting Person as of July 20, 2020.
F3 Represents an award of performance share units ("PSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based on the achievement of growth rates in the price of the Issuer's common stock between March 18, 2022 and March 17, 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.
F4 This Form 4 has been updated to correct the overreporting of withholdings in certain prior Form 4s of the Reporting Person. The amount reported in the final row of Column 5 of Table I reflects the number of shares of common stock held by the Reporting Person as of the date of this Form 4 filing.

Remarks:

Reporting Person's title: Chief Executive Officer and President