STOCK TITAN

Virgin Galactic (NYSE: SPCE) EVP nets shares after RSU vesting and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Virgin Galactic Holdings EVP, CLO & Corporate Secretary Sarah E. Kim reported the vesting and settlement of restricted stock units tied to company common stock. On April 7, 2026, RSUs previously granted on March 20, 2025 converted into 55,594 shares of common stock on a one-for-one basis.

To cover her tax withholding obligation on this vesting event, the company withheld 28,781 shares at a price of $3.07 per share, a non‑market transaction recorded under code F. Following these transactions, she directly holds 33,821 shares of Virgin Galactic common stock.

Positive

  • None.

Negative

  • None.
Insider Kim Sarah E
Role EVP, CLO & Corporate Secretary
Type Security Shares Price Value
Exercise Restricted Stock Units 55,594 $0.00 --
Exercise Common Stock 55,594 $0.00 --
Tax Withholding Common Stock 28,781 $3.07 $88K
Holdings After Transaction: Restricted Stock Units — 111,188 shares (Direct); Common Stock — 62,602 shares (Direct)
Footnotes (1)
  1. Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025. RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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, in cash. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
RSUs converted 55,594 shares RSUs converting one-for-one into common stock on April 7, 2026
Tax withholding shares 28,781 shares Shares withheld to cover tax obligations on RSU vesting
Withholding price $3.07 per share Value used for tax-withholding disposition (code F)
Shares held after transaction 33,821 shares Direct common stock ownership following RSU conversion and withholding
Restricted Stock Units financial
"Represents an award of RSUs granted on March 20, 2025, which vested..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The RSUs may be settled in shares of the Issuer's common stock or..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligation financial
"withheld by the Issuer to cover the Reporting Person's tax withholding obligation..."
vest financial
"vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kim Sarah E

(Last)(First)(Middle)
1700 FLIGHT WAY

(Street)
TUSTIN CALIFORNIA 92782

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Virgin Galactic Holdings, Inc [ SPCE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, CLO & Corporate Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/07/2026M55,594A$062,602D
Common Stock04/07/2026F28,781(1)D$3.0733,821D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)04/07/2026M55,594 (3) (3)Common Stock55,594$0111,188(4)D
Explanation of Responses:
1. Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025.
2. RSUs convert into common stock on a one-for-one basis.
3. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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, in cash.
4. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
Remarks:
/s/ Denise Peters, Attorney-in-Fact for Sarah E. Kim04/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Virgin Galactic's EVP report for SPCE?

Virgin Galactic’s EVP, CLO & Corporate Secretary Sarah E. Kim reported RSU vesting that converted into 55,594 common shares. The company then withheld 28,781 of those shares at $3.07 each to satisfy tax obligations, leaving her with 33,821 shares held directly after the transactions.

How many Virgin Galactic RSUs vested for Sarah E. Kim in this Form 4?

The filing shows 55,594 restricted stock units converted into an equal number of Virgin Galactic common shares. These RSUs were part of an award granted on March 20, 2025, with one-third vesting on March 20, 2026, subject to her continued service with the company.

Were any of Sarah E. Kim’s Virgin Galactic shares sold on the market?

No open-market sales are shown. Instead, 28,781 shares were withheld by Virgin Galactic to cover her tax withholding obligation on the RSU vesting. This F-code transaction reflects tax payment mechanics, not a discretionary sale of SPCE shares into the market.

What is Sarah E. Kim’s Virgin Galactic share ownership after this Form 4?

After the RSU conversion and tax withholding, Sarah E. Kim directly holds 33,821 shares of Virgin Galactic common stock. The filing’s derivative summary shows no remaining derivative positions from this specific RSU transaction, while other unvested RSUs with different terms are referenced separately.

How do the Virgin Galactic RSUs for SPCE vest over time in this award?

The RSU award granted on March 20, 2025 vests in three equal tranches. One-third vested on March 20, 2026, while the remaining two-thirds vest on the second and third anniversaries of the grant date, subject to Sarah E. Kim’s continued service with Virgin Galactic.