Douglas T. Ahrens - 16 Mar 2022 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 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
24 Apr 2023, 18:09:52 UTC
Date Of Original Report
20 Jan 2023
Previous filing
02 Mar 2022
Next filing
03 Jun 2022
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 +90,547 +21% $0.000000 527,255 16 Mar 2022 Direct F1, F2
* 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 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 Amendment is being filed to correct an error in Table I of the Reporting Person's Form 4 filed on January 20, 2023 (the "Original Filing"), which incorrectly stated the number of PSUs granted to the Reporting Person on March 16, 2022. 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.

Remarks:

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