Chamath Palihapitiya - 18 Mar 2021 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: SPCE
Reported as of: 18 Mar 2021
Net transaction value: -$9.38
SEC form: 4
Accepted by SEC: 20 Sep 2021, 16:03:16 UTC
Next SEC filing: 02 Jun 2021
Source filing: View source filing
Reporting owner signature: /s/ Chamath Palihapitiya

Key filing fact

Chamath Palihapitiya filed Form 4 for Virgin Galactic Holdings, Inc (SPCE) on 20 Sep 2021.

Key facts

This page summarizes Chamath Palihapitiya's Form 4 filing for Virgin Galactic Holdings, Inc (SPCE).
7 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 20 Sep 2021, 16:03.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$9.38.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPCE transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $40,169,442
Shares: +3,492,995
Change %
Price: $11.50
Shares after: 3,492,995
Date: 18 Mar 2021
Ownership: See footnote
Footnotes: F1, F2

SPCE transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value: $4,463,276
Shares: +388,111
Change %: +11%
Price: $11.50
Shares after: 3,881,111
Date: 18 Mar 2021
Ownership: See footnote
Footnotes: F2, F3

SPCE transaction

Common Stock

Other

Transaction value: $40,169,443
Shares: -1,280,750
Change %: -37%
Price: $31.36^*
Shares after: 2,212,245
Date: 18 Mar 2021
Ownership: See footnote
Footnotes: F1, F2, F4

SPCE transaction

Common Stock

Other

Transaction value: $4,463,285
Shares: -142,306
Change %: -37%
Price: $31.36^*
Shares after: 245,805
Date: 18 Mar 2021
Ownership: See footnote
Footnotes: F2, F3, F4

SPCE transaction

Common Stock

Gift

Transaction value: $0
Shares: -125,960
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Sep 2021
Ownership: See footnote
Footnotes: F2, F5

SPCE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,750,000
Date: 18 Mar 2021
Ownership: See footnote
Footnotes: F2, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPCE transaction Derivative

Warrants

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -3,492,995
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2021
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 3,492,995
Exercise price: $11.50
Footnotes: F1, F2, F7

SPCE transaction Derivative

Warrants

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -388,111
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2021
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 388,111
Exercise price: $11.50
Footnotes: F2, F3, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents securities held of record by The Social+Capital Partnership III, L.P. ("SC III"). The Social+Capital Partnership GP III, Ltd. ("GP III Ltd.") is the general partner of The Social+Capital Partnership GP III, L.P. ("GP III LP"), which is the general partner of SC III. The sole member of GP III Ltd. is Social Capital Holdings Inc. ("SC Holdings"). GP III Ltd. has sole voting and dispositive power with regard to the shares held by SC III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III.

Footnote F2

The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.

Footnote F3

Represents securities held of record by The Social+Capital Partnership Principals Fund III, L.P. ("Principals III" and, collectively with SC III, GP III Ltd., the "Social Capital Entities"). GP III Ltd. is the general partner of GP III LP, which is the general partner of Principals III. The sole member of GP III Ltd. is SC Holdings. GP III Ltd. has sole voting and dispositive power with regard to the shares held by Principals III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III.

Footnote F4

Represents shares withheld in connection with the cashless exercise of warrants.

Footnote F5

Represents securities held of record by ChaChaCha 2019 Trust DTD 9/20/2019 (the "Trust"). The reporting person may be deemed to beneficially own the securities held by the Trust by virtue of his control over the Trust. Prior to the donation of the securities reported herein, the applicable shares were received by the Trust as part of pro rata distributions from the applicable Social Capital Entities exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended.

Footnote F6

Represents securities held of record by SCH Sponsor Corp. The Reporting Person may be deemed to beneficially own shares held by SCH Sponsor Corp. by virtue of his shared control over SCH Sponsor Corp.

Footnote F7

Prior to the exercise of the warrants reported herein, the applicable warrants were received by SC III and Principals III as part of a pro rata distribution from SCH Sponsor Corp. exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended.