Michael Colglazier - 30 Dec 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
30 Dec 2024
Net transactions value
-$12,881
Form type
4
Filing time
31 Dec 2024, 16:12:03 UTC
Previous filing
08 Oct 2024
Next filing
15 Jan 2025
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 +2,272 +5.7% $0.000000 42,370 30 Dec 2024 Direct
transaction SPCE Common Stock Tax liability $7,796 -1,222 -2.9% $6.38 41,148 30 Dec 2024 Direct F1
transaction SPCE Common Stock Tax liability $5,085 -797 -1.9% $6.38 40,351 30 Dec 2024 Direct F2
holding SPCE Common Stock 15,892 30 Dec 2024 By Family Revocable Trust
holding SPCE Common Stock 1,692 30 Dec 2024 By Family Trust for Son 1
holding SPCE Common Stock 1,692 30 Dec 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 -2,272 -10% $0.000000 20,455 30 Dec 2024 Common Stock 2,272 Direct F3, F4, F5
* 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 obligation upon the quarterly vesting of restricted stock units granted on March 17, 2022.
F3 Restricted stock units convert into common stock on a one-for-one basis.
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.