Michael A. Colglazier - 07 Oct 2024 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Signature
/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier
Issuer symbol
SPCE
Transactions as of
07 Oct 2024
Net transactions value
-$13,646
Form type
4
Filing time
08 Oct 2024, 19:12:16 UTC
Previous filing
14 Aug 2024
Next filing
31 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Options Exercise $0 +2,273 +5.7% $0.000000 42,335 07 Oct 2024 Direct
transaction SPCE Common Stock Tax liability $7,454 -1,222 -2.9% $6.10 41,113 07 Oct 2024 Direct F1
transaction SPCE Common Stock Tax liability $1,336 -219 -0.53% $6.10 40,894 07 Oct 2024 Direct F2
transaction SPCE Common Stock Tax liability $4,856 -796 -1.9% $6.10 40,098 07 Oct 2024 Direct F3
holding SPCE Common Stock 15,892 07 Oct 2024 By Family Revocable Trust
holding SPCE Common Stock 1,692 07 Oct 2024 By Family Trust for Son 1
holding SPCE Common Stock 1,692 07 Oct 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 -9.1% $0.000000 22,727 07 Oct 2024 Common Stock 2,273 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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 Restricted stock units convert into common stock on a one-for-one basis.
F5 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.
F6 Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.