[Form 4] Virgin Galactic Holdings, Inc Insider Trading Activity

Rhea-AI Filing Summary

Sarah E. Kim, EVP, CLO & Corporate Secretary of Virgin Galactic Holdings, Inc. (SPCE), reported a small disposition of company common stock. The Form 4 shows a transaction dated 09/22/2025 in which 27 shares were withheld by the issuer at an effective price of $3.29 to satisfy tax withholding related to restricted stock units that vested from a grant dated December 5, 2022. After this withholding, the reporting person beneficially owns 7,067 shares of common stock, held directly. The filing is signed by an attorney-in-fact on 09/23/2025 and includes an explanatory note that the share withholding was for tax obligations.

Insights

Corporate Governance Expert

TL;DR Minor tax-related share withholding reduced direct holdings by 27 shares; no change to overall governance or control.

The Form 4 documents a routine disposition where the issuer withheld 27 shares to cover tax withholding on vested restricted stock units. This is an administrative action rather than an active sale by the insider and does not indicate voluntary monetization or a change in insider stance. The remaining direct beneficial ownership of 7,067 shares remains unchanged in nature. For governance and signaling purposes, such withholdings are common and immaterial given the small share count relative to typical director/officer holdings.

Securities Analyst

TL;DR Transaction is routine and immaterial to valuation; 27 shares withheld at $3.29 for taxes, leaving 7,067 shares owned.

From a market-impact perspective, the reported withholding of 27 shares at a price of $3.29 is immaterial to float and liquidity. The filing clarifies the shares relate to RSU vesting from a December 5, 2022 grant and were withheld by the issuer to satisfy tax obligations. No derivative transactions or additional dispositions are reported. This behavior is consistent with standard post-vesting tax withholding practices and does not change the insiders direct ownership structure in any meaningful way.

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

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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 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)
	EVP, CLO & Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		F		27(1)	D	$3.29	7,067	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

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 vesting of restricted stock units granted on December 5, 2022.

Remarks:

	/s/ Denise Peters, Attorney-in-Fact for Sarah E. Kim	09/23/2025
	** 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).
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