Virgin Galactic CFO acquires 1,377 shares from grant
The chief financial officer’s quarterly RSU vesting included issuer withholding of 743 shares for tax obligations.
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Rhea-AI Filing Summary
Virgin Galactic Holdings, Inc. (SPCE) Chief Financial Officer Douglas T. Ahrens exercised 1,377 restricted stock units on October 5, 2026, converting them one-for-one into 1,377 common shares. Virgin Galactic withheld 743 common shares to cover his tax-withholding obligation upon quarterly vesting, at a reported price of 3.03 per share. The post-transaction amount was 2,753 unvested RSUs from the March 16, 2023 award; this excludes RSUs with different vesting terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 1,377 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,377 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 743 | $3.03 | $2K |
Footnotes (4)
- 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 ("RSUs") granted on March 16, 2023.
- F2. RSUs convert into common stock on a one-for-one basis.
- F3. Represents an award of 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.
- F4. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.
Key Figures
Key Terms
Restricted Stock Units financial
one-for-one basis financial
tax withholding obligation financial
unvested portion financial
FAQ
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How many RSUs did SPCE CFO Douglas T. Ahrens exercise?
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