Virgin Galactic (NYSE: SPCE) CFO receives 649,607 restricted stock units grant

Rhea-AI Filing Summary

Ahrens Douglas T reported acquisition or exercise transactions in this Form 4 filing.

Virgin Galactic Holdings, Inc. Chief Financial Officer Douglas T. Ahrens reported receiving a grant of 649,607 restricted stock units (RSUs). The award was made on March 19, 2026 as equity-based compensation rather than a market purchase.

The RSUs are scheduled to vest in three equal annual installments, with one-third vesting on each of the first three anniversaries of the grant date, as long as he continues in service through each vesting date. After vesting, the RSUs may be settled either in shares of Virgin Galactic common stock or, at the company’s discretion, in cash.

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^*

Ahrens Douglas T

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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

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	(1)	03/19/2026		A		649,607		(1)	(1)	Common Stock	649,607	$0	649,607	D

Explanation of Responses:

1. Represents an award of restricted stock units (the "RSUs"), which will vest in three annual installments as follows: one-third of the RSUs will vest on each of the first three anniversaries of the Grant Date, 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.

Remarks:

	/s/ Sarah Kim, Attorney-in-Fact for Douglas T. Ahrens	03/23/2026
	** 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 did Virgin Galactic (SPCE) CFO Douglas Ahrens report on this Form 4?

Douglas Ahrens reported receiving a grant of 649,607 restricted stock units as compensation. These RSUs represent a right to receive Virgin Galactic common stock or cash in the future, subject to a multi-year vesting schedule and continued service requirements.

How many restricted stock units were granted to the SPCE CFO?

The Chief Financial Officer received 649,607 restricted stock units. Each RSU represents a contingent right to one share of Virgin Galactic common stock or cash, subject to vesting conditions. This entire amount is shown as directly owned following the reported award on the Form 4.

What is the vesting schedule for Douglas Ahrens’ SPCE restricted stock units?

The 649,607 restricted stock units vest in three equal annual installments. One-third of the RSUs will vest on each of the first three anniversaries of the grant date, provided Douglas Ahrens continues to serve through each applicable vesting date.

Are the Virgin Galactic RSUs granted to the CFO settled in stock or cash?

The restricted stock units may be settled in Virgin Galactic common stock or, at the company’s discretion, in cash. This means the company can choose, at vesting, whether to deliver shares, cash of equivalent value, or potentially a combination, consistent with plan terms.

Does this SPCE Form 4 show an open-market buy or sell by the CFO?

No, the Form 4 reflects a grant of restricted stock units as compensation, coded as an acquisition (A). It does not report an open-market purchase or sale of Virgin Galactic shares, but rather an award that may convert into stock or cash over time.

What ownership does the SPCE CFO report after this RSU award?

Following the reported transaction, Douglas Ahrens shows 649,607 restricted stock units as directly owned. These units are derivative securities tied to Virgin Galactic common stock and will convert into shares or cash only if and when they vest under the award’s terms.