Virgin Galactic (SPCE) CFO Converts 1,377 RSUs; 1,200 Shares Withheld

Rhea-AI Filing Summary

Douglas T. Ahrens, Chief Financial Officer of Virgin Galactic Holdings, Inc. (SPCE), reported Section 16 transactions dated 10/07/2025. The report shows 1,377 restricted stock units converted into common shares at no cash price as vested RSUs were settled, and the issuer withheld 742 and 458 shares to satisfy tax-withholding obligations at $4.08 per share. After these transactions the reporting person beneficially owns 24,440 shares of common stock and holds derivative RSU interests covering 8,260 shares that remain unvested from the March 16, 2023 award. The RSU grant vests 25% on March 16, 2024, with the remaining 75% scheduled to vest in 12 quarterly installments beginning 06/16/2024, and may be settled in stock or cash upon vesting. The form was signed by an attorney-in-fact on 10/08/2025.

Positive

• RSUs vested into 1,377 common shares on 10/07/2025, aligning executive compensation with shareholder interests
• Tax withholding was executed via share-withholdings (742 and 458 shares) at $4.08, indicating settlement followed standard procedures
• 8,260 RSUs remain unvested from the March 16, 2023 award, providing continued retention incentives

Negative

• None.

Insights

Compensation & Equity Analyst

Vested RSUs converted to shares; withholding covered taxes.

The filing shows 1,377 restricted stock units vesting into common shares with 1,200 shares approximately withheld (742 and 458) to cover tax obligations at $4.08 per share, leaving 24,440 direct common shares and 8,260 unvested RSUs tied to the March 16, 2023 award.

This is a routine compensation settlement that modestly increases circulating shares when RSUs are settled and reduces the reporting person's net received shares via tax withholding; monitor the remaining quarterly vesting installments through the scheduled quarterly dates beginning 06/16/2024 for additional issuance or withholding activity within the next year.

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^*

Ahrens Douglas T

(Last) (First) (Middle)

1700 FLIGHT WAY

(Street)

TUSTIN CA 92782

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Virgin Galactic Holdings, Inc [ SPCE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/07/2025		M		1,377	A	$0	25,640	D
Common Stock	10/07/2025		F		742(1)	D	$4.08	24,898	D
Common Stock	10/07/2025		F		458(2)	D	$4.08	24,440	D

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)	10/07/2025		M			1,377	(4)	(4)	Common Stock	1,377	$0	8,260(5)	D

Explanation of Responses:

1. 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 granted on March 16, 2023.

2. 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 granted on March 16, 2022.

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

4. Represents an award of restricted stock units (the "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.

5. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.

Remarks:

	/s/ Sarah Kim, Attorney-in-Fact for Douglas T. Ahrens	10/08/2025
	** 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.

FAQ

What did Douglas T. Ahrens report on Form 4 for SPCE?

He reported vesting of 1,377 RSUs into common shares on 10/07/2025, and share-withholding of 742 and 458 shares to cover taxes at $4.08 per share.

How many common shares does the reporting person own after the transactions?

The filing shows ownership of 24,440 common shares following the reported transactions.

How many unvested RSUs does Douglas T. Ahrens still hold?

He holds 8,260 unvested RSUs from the March 16, 2023 grant.

What is the vesting schedule for the March 16, 2023 RSU grant?

25% vested on March 16, 2024, with the remaining 75% scheduled to vest in 12 quarterly installments beginning 06/16/2024.

Were any shares purchased or sold for cash in these transactions?

No cash purchase was reported for the vested RSUs (price $0); tax-withholding shares were recorded at $4.08 per share.