Virgin Galactic CPO exercises RSUs, covers taxes in stock
Virgin Galactic (SPCE) executive Aparna Chitale reported routine equity compensation activity.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
66,570 shares exercised/converted
Exercise
7 txns
Insider
Chitale Aparna
Role
CPO & EVP Astronaut Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 66,046 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 524 | $0.00 | $0.00 |
| Exercise | Common Stock | 66,046 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 35,632 | $3.07 | $109K |
| Exercise | Common Stock | 524 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 283 | $3.07 | $868.81 |
| Exercise Price or Tax Liability | Common Stock | 153 | $3.07 | $469.71 |
Holdings After Transaction:
Restricted Stock Units — 134,192 contracts (Direct);
Common Stock — 36,581 shares (Direct)
Footnotes (8)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. RSUs convert into common stock on a one-for-one basis.
- F5. 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.
- F6. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
- F7. 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.
- F8. 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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
