Aparna Chitale - Apr 9, 2024 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Signature
/s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale
Stock symbol
SPCE
Transactions as of
Apr 9, 2024
Transactions value $
-$30,202
Form type
4
Date filed
4/11/2024, 08:45 PM
Previous filing
Mar 15, 2024
Next filing
Apr 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Options Exercise $0 +42K +22.3% $0.00 230K Apr 9, 2024 Direct F1
transaction SPCE Common Stock Tax liability -$26.6K -22.6K -9.8% $1.18 208K Apr 9, 2024 Direct F2
transaction SPCE Common Stock Tax liability -$3.59K -3.04K -1.47% $1.18 205K Apr 9, 2024 Direct F3

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 Options Exercise $0 -42K -25% $0.00 126K Apr 9, 2024 Common Stock 42K Direct F1, F4, F5

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the vesting of restricted stock units granted on March 16, 2023.
F3 Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of restricted stock units granted on March 16, 2022.
F4 Represents an award of restricted stock units (the "RSUs") granted on March 16, 2023, which vested 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.
F5 Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.