Derrick Boston - Jan 4, 2022 Form 4 Insider Report for Virgin Orbit Holdings, Inc. (VORBQ)

Role
Chief Legal Officer
Signature
/s/ Derrick Boston
Stock symbol
VORBQ
Transactions as of
Jan 4, 2022
Transactions value $
$0
Form type
4
Date filed
1/6/2022, 04:42 PM
Previous filing
Jan 3, 2022
Next filing
Aug 1, 2022

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 VORBQ Stock Option Award $0 +164K $0.00 164K Jan 4, 2022 Common Stock 164K $6.83 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests and becomes exercisable as to 25% of the shares underlying the stock option on January 4, 2023 and thereafter as to 1/12th of the shares underlying the stock option on each quarterly anniversary of January 4, 2023, subject to continued service through the applicable vesting date.