Virgin Galactic (SPCE) CPO nets shares after RSU vesting and tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Virgin Galactic (SPCE) executive Aparna Chitale reported routine equity compensation activity. On April 7, 2026, she exercised and vested 66,570 Restricted Stock Units (RSUs), which convert into common stock on a one-for-one basis at no exercise price.

To cover tax obligations on these vestings, the company withheld a total of 36,068 shares of common stock at $3.07 per share, rather than selling shares in the open market. Following these transactions, Chitale directly holds 36,581 shares of Virgin Galactic common stock, while unvested RSUs from prior grants continue to vest over time subject to her continued service.

Insider Trade Summary

66,570 shares exercised/converted

Mixed 7 txns

Insider Chitale Aparna

Role CPO & EVP Astronaut Operations

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	66,046	$0.00	--
Exercise	Restricted Stock Units	524	$0.00	--
Exercise	Common Stock	66,046	$0.00	--
Tax Withholding	Common Stock	35,632	$3.07	$109K
Exercise	Common Stock	524	$0.00	--
Tax Withholding	Common Stock	283	$3.07	$868.81
Tax Withholding	Common Stock	153	$3.07	$469.71

Holdings After Transaction: Restricted Stock Units — 132,094 shares (Direct); Common Stock — 72,125 shares (Direct)

Footnotes (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. 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 RSUs granted on March 16, 2023. 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 RSUs granted on March 16, 2022. 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. Represents an award of 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. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.

Key Figures

RSUs vested and converted: 66,570 RSUs Shares withheld for taxes: 36,068 shares Tax withholding price: $3.07 per share +3 more

6 metrics

RSUs vested and converted 66,570 RSUs Exercised/converted into common stock on April 7, 2026

Shares withheld for taxes 36,068 shares Common stock withheld to cover tax obligations at $3.07

Tax withholding price $3.07 per share Price used for share withholding on April 7, 2026

Post-transaction common shares 36,581 shares Common stock directly held after all reported transactions

Unvested 2025 RSUs remaining 132,094 RSUs Unvested portion of March 20, 2025 RSU grant after first vesting

Unvested 2023 RSUs remaining 2,098 RSUs Unvested portion of March 16, 2023 RSU grant after quarterly vesting

Key Terms

Restricted Stock Units, tax withholding obligation, one-for-one basis, vesting, +1 more

5 terms

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.

tax withholding obligation financial

"withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting..."

one-for-one basis financial

"RSUs convert into common stock on a one-for-one basis."

vesting financial

"which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

continued service financial

"in each case subject to the Reporting Person's continued service through the applicable vesting date."

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 06:52 PM

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^*

Chitale Aparna

(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)
	CPO & EVP Astronaut Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/07/2026		M		66,046	A	$0	72,125	D
Common Stock	04/07/2026		F		35,632⁽¹⁾	D	$3.07	36,493	D
Common Stock	04/07/2026		M		524	A	$0	37,017	D
Common Stock	04/07/2026		F		283⁽²⁾	D	$3.07	36,734	D
Common Stock	04/07/2026		F		153⁽³⁾	D	$3.07	36,581	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	04/07/2026		M			66,046	⁽⁵⁾	⁽⁵⁾	Common Stock	66,046	$0	132,094⁽⁶⁾	D
Restricted Stock Units	⁽⁴⁾	04/07/2026		M			524	⁽⁷⁾	⁽⁷⁾	Common Stock	524	$0	2,098⁽⁸⁾	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. 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 RSUs granted on March 16, 2023.

3. 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 RSUs granted on March 16, 2022.

4. RSUs convert into common stock on a one-for-one basis.

5. 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.

6. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.

7. Represents an award of 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.

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

Remarks:

	/s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale	04/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Virgin Galactic (SPCE) executive Aparna Chitale report in this Form 4?

Aparna Chitale reported routine equity compensation activity. She exercised and vested 66,570 Restricted Stock Units that converted one-for-one into common shares, and the company withheld a portion of those shares to satisfy her tax obligations instead of using cash.

How many RSUs did Aparna Chitale of SPCE have vest and convert to stock?

Chitale had 66,570 Restricted Stock Units vest and convert into common stock. These RSUs carried a zero exercise price and were granted under prior compensation awards from March 2022, March 2023, and March 2025 with time-based vesting schedules tied to continued service.

How many Virgin Galactic (SPCE) shares were withheld for Aparna Chitale’s taxes?

A total of 36,068 common shares were withheld to cover tax obligations. These consisted of 35,632 shares, 283 shares, and 153 shares withheld at a price of $3.07 per share, as noted in the filing footnotes describing tax-withholding related to RSU vesting.

How many Virgin Galactic (SPCE) shares does Aparna Chitale hold after these transactions?

After the reported transactions, Chitale directly holds 36,581 shares of Virgin Galactic common stock. This reflects the net position after RSU conversions into common shares and the non-market dispositions of a portion of those shares to satisfy her associated tax withholding obligations.

Were Aparna Chitale’s SPCE transactions open-market buys or sales?

No open-market buys or sales were reported. The transactions involved RSUs converting into common stock and shares withheld by Virgin Galactic to pay tax liabilities. Code F entries indicate tax-withholding dispositions, not discretionary market sales or purchases of the company’s stock.

What are the key vesting terms of Aparna Chitale’s RSU awards at SPCE?

Her RSUs generally vest over time based on continued service. A March 20, 2025 award vests one-third on March 20, 2026 and annually thereafter, while a March 16, 2023 grant vested 25% in March 2024 with the remaining 75% vesting in 12 quarterly installments.