Virgin Galactic (NYSE: SPCE) EVP reports routine tax-withholding of shares
Rhea-AI Filing Summary
Virgin Galactic Holdings, Inc. executive Sarah E. Kim, EVP, CLO & Corporate Secretary, reported a routine tax-related share disposition. On March 24, 2026, 17 shares of common stock were withheld by the company to cover her tax obligation when restricted stock units granted on December 5, 2022 vested. After this withholding, she directly holds 7,008 shares of Virgin Galactic common stock. This was a tax-withholding event, not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17 shares
Net Sell
1 txn
Insider
Kim Sarah E
Role
EVP, CLO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 17 | $2.42 | $41.14 |
Holdings After Transaction:
Common Stock — 7,008 shares (Direct)
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Virgin Galactic (SPCE) report for executive Sarah E. Kim?
Virgin Galactic reported a routine tax-withholding disposition for executive Sarah E. Kim. On March 24, 2026, 17 shares of common stock were withheld to cover taxes when restricted stock units granted on December 5, 2022 vested.
Was the Virgin Galactic (SPCE) insider transaction by Sarah E. Kim an open-market sale?
No, the transaction was not an open-market sale. It was a tax-withholding disposition where 17 shares of common stock were retained by Virgin Galactic to cover Sarah E. Kim’s tax liability when her restricted stock units vested.