Michael A. Colglazier - 17 Jul 2024 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role
CEO and President, Director
Signature
/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier
Issuer symbol
SPCE
Transactions as of
17 Jul 2024
Net transactions value
-$17,994
Form type
4
Filing time
19 Jul 2024, 16:08:19 UTC
Previous filing
08 May 2024
Next filing
14 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Options Exercise $0 +2,273 +5.6% $0.000000 43,141 17 Jul 2024 Direct F1
transaction SPCE Common Stock Tax liability $9,825 -1,222 -2.8% $8.04 41,919 17 Jul 2024 Direct F2
transaction SPCE Common Stock Tax liability $6,408 -797 -1.9% $8.04 41,122 17 Jul 2024 Direct F3
transaction SPCE Common Stock Tax liability $1,761 -219 -0.53% $8.04 40,903 17 Jul 2024 Direct F4
holding SPCE Common Stock 15,892 17 Jul 2024 By Family Revocable Trust
holding SPCE Common Stock 1,692 17 Jul 2024 By Family Trust for Son 1
holding SPCE Common Stock 1,692 17 Jul 2024 By Family Trust for Son 2

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 -2,273 -8.3% $0.000000 25,000 17 Jul 2024 Common Stock 2,273 Direct F1, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of securities reported herein reflects the effects of a 1-for-20 reverse stock split effected by the Issuer on June 14, 2024, which was exempt from reporting pursuant to Rule 16a-9.
F2 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, 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 17, 2022.
F4 Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligations upon the quarterly vesting of restricted stock units granted on March 24, 2021.
F5 Restricted stock units convert into common stock on a one-for-one basis.
F6 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.
F7 Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.

Remarks:

Exhibit 24 - Power of Attorney