Douglas T. Ahrens - Mar 16, 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
Stock symbol
SPCE
Transactions as of
Mar 16, 2022
Transactions value $
$0
Form type
4
Date filed
3/18/2022, 09:25 PM
Previous filing
Mar 2, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Award $0 +272K +466.8% $0.00 330K Mar 16, 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 +202K $0.00 202K Mar 16, 2022 Common Stock 202K $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