Michelle Kley - Mar 16, 2022 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role: Officer
Signature: /s/ Michelle Kley
Stock symbol: SPCE
Transactions as of: Mar 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/24/2023, 03:05 PM
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPCE	Common Stock	Award	$0	+22.7K	+15.75%	$0.00	167K	Mar 16, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michelle Kley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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 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.
F2	This Form 4 reflects the number of shares of common stock held by the Reporting Person as of March 16, 2022.

Content

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 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.

This Form 4 reflects the number of shares of common stock held by the Reporting Person as of March 16, 2022.

Remarks:

The Reporting Person resigned from the position as the Issuer's Executive Vice President, Chief Legal Officer and Secretary effective as of July 19, 2022.