Virgin Galactic (NYSE: SPCE) CEO cash-settles 43,103 RSUs with issuer

Rhea-AI Filing Summary

Virgin Galactic Holdings, Inc. CEO and President Michael A. Colglazier reported compensation-related equity activity. On March 16, 2026, he exercised 43,103 restricted stock units, converting them into common stock on a one-for-one basis at no cost.

The same 43,103 common shares were then disposed of to the issuer at $2.48 per share, reflecting cash settlement of previously vested RSUs. After these transactions, he held 20,874 common shares directly, plus 15,892 shares in a family revocable trust and 1,692 shares in each of two family trusts.

SEC Form 4

FORM 4

UNITED 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^*

Colglazier Michael A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		M		43,103	A	$0	63,977(1)	D
Common Stock	03/16/2026		D		43,103	D	$2.48	20,874(2)	D
Common Stock								15,892	I	By Family Revocable Trust
Common Stock								1,692	I	By Family Trust for Son 1
Common Stock								1,692	I	By Family Trust for Son 2

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	03/16/2026		M			43,103	(4)	(4)	Common Stock	43,103	$0	0	D

Explanation of Responses:

1. Excludes 12,121 shares underlying performance share units granted on March 16, 2023 (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.

2. Reflects the cash settlement of previously vested restricted stock units.

3. Restricted stock units convert into common stock on a one-for-one basis.

4. Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.

Remarks:

	/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier	03/18/2026
	** Signature of Reporting Person	Date
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 (SPCE) CEO Michael Colglazier report?

Michael Colglazier reported exercising 43,103 restricted stock units into common stock and then disposing of the same 43,103 shares to Virgin Galactic for cash settlement. These transactions were compensation-related rather than open-market trades, reflecting how previously vested RSUs were settled.

How many Virgin Galactic (SPCE) restricted stock units did the CEO settle?

He settled 43,103 restricted stock units, which converted into 43,103 shares of common stock on a one-for-one basis. The shares were then disposed of to the issuer for cash, as part of the settlement of previously vested RSUs on March 16, 2026.

At what price were Michael Colglazier’s Virgin Galactic (SPCE) shares disposed?

The 43,103 common shares were disposed of to Virgin Galactic at $2.48 per share. This represented a cash settlement of previously vested restricted stock units, not an open-market sale, and was processed directly with the issuer rather than through public trading.

What are Michael Colglazier’s Virgin Galactic (SPCE) share holdings after this Form 4?

After the reported transactions, Michael Colglazier held 20,874 Virgin Galactic common shares directly. He also had indirect holdings of 15,892 shares in a family revocable trust and 1,692 shares in each of two separate family trusts established for his sons.

Were any Virgin Galactic (SPCE) performance share units forfeited in this filing?

Yes. The filing notes 12,121 shares underlying performance share units granted on March 16, 2023 were excluded from beneficial ownership. These units did not meet their vesting requirements and therefore were not included in Colglazier’s reported holdings after the transactions.

Was Michael Colglazier’s Virgin Galactic (SPCE) Form 4 an open-market stock sale?

No. The Form 4 describes cash settlement of previously vested restricted stock units via a disposition to the issuer at $2.48 per share. It does not report any open-market purchases or sales, so the activity reflects equity compensation mechanics rather than discretionary trading.