Douglas T. Ahrens - 16 Mar 2022 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role
Reporting person's title: Executive Vice President, Chief Financial Officer and Treasurer
Signature
/s/ Michelle Kley, Attorney-in-fact for Douglas T. Ahrens
Issuer symbol
SPCE
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
18 Mar 2022, 21:25:49 UTC
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 +271,641 +467% $0.000000 329,833 16 Mar 2022 Direct F1

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 Stock Option Award $0 +202,020 $0.000000 202,020 16 Mar 2022 Common Stock 202,020 $7.99 Direct 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 Restricted Stock Units (the "RSUs"), which will vest with respect to 25% of the RSUs on March 16, 2023, and the remaining 75% of the RSUs, will vest in 12 quarterly installments thereafter, beginning on June 16, 2023, subject to the reporting person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
F2 The stock option will vest as to 25% of the shares on March 16, 2023, and the remaining shares in 12 quarterly installments beginning on June 16, 2023, subject to the reporting person's continued service through the applicable vesting date.

Remarks:

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