Michael A. Colglazier - 20 Mar 2025 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
20 Mar 2025
Net transactions value
-$176,722
Form type
4
Filing time
24 Mar 2025, 17:08:12 UTC
Previous filing
15 Jan 2025
Next filing
09 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPCE Common Stock Options Exercise $0 +43,103 +134% $0.000000 75,316 21 Mar 2025 Direct F1
transaction SPCE Common Stock Disposed to Issuer $176,722 -43,103 -57% $4.10 32,213 21 Mar 2025 Direct F2
holding SPCE Common Stock 15,892 20 Mar 2025 By Family Revocable Trust
holding SPCE Common Stock 1,692 20 Mar 2025 By Family Trust for Son 1
holding SPCE Common Stock 1,692 20 Mar 2025 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 Award $0 +827,016 $0.000000 827,016 20 Mar 2025 Common Stock 827,016 Direct F3
transaction SPCE Restricted Stock Units Options Exercise $0 -43,103 -50% $0.000000 43,103 21 Mar 2025 Common Stock 43,103 Direct F4, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Excludes 7,897 shares underlying performance share units granted on March 17, 2022 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met.
F2 Reflects the cash settlement of previously vested restricted stock units.
F3 Represents an award of restricted stock units, which will vest in three annual installments as follows: 33% of the restricted stock units will vest on the first and second anniversary of the Grant Date and the remaining 34% of the restricted stock units will vest on the third anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 Represents an award of restricted stock units, which vested with respect to 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 21, 2025, and the remaining 50% of the restricted stock units will vest on the second anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
F6 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.
F7 Represents only the unvested portion of the restricted stock units granted on March 13, 2024, and does not include restricted stock units with different vesting terms.