Douglas T. Ahrens - 16 Mar 2023 Form 4/A - Amendment Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role
Reporting Person's title: Executive Vice President, Chief Financial Officer and Treasurer
Signature
/s/ Aaron Futch, Attorney-in-fact for Douglas T. Ahrens
Issuer symbol
SPCE
Transactions as of
16 Mar 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
24 Apr 2023, 18:04:08 UTC
Date Of Original Report
20 Mar 2023
Previous filing
13 Mar 2023
Next filing
27 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Award $0 +146,854 +43% $0.000000 489,862 16 Mar 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPCE Restricted Stock Units Award $0 +440,560 $0.000000 440,560 16 Mar 2023 Common Stock 440,560 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 16, 2023 and March 16, 2026, 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 amendment is being filed to correct the number of PSU awards granted to the Reporting Person.
F2 The amount reported in 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.
F3 Represents an award of restricted stock units (the "RSUs"), which will vest with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting. This Form 4 amendment is being filed due to the fact that the original filing inadvertently reported this RSU grant in Table I.

Remarks:

Reporting Person's title: Executive Vice President, Chief Financial Officer and Treasurer