Virgin Galactic CEO vests RSUs, covers tax in stock
Virgin Galactic Holdings CEO Michael A. Colglazier reported routine equity compensation activity.
Rhea-AI Filing Summary
Virgin Galactic Holdings CEO Michael A. Colglazier reported routine equity compensation activity. On June 29, 2026, 2,273 restricted stock units (RSUs) granted on March 16, 2023 converted into the same number of common shares at $0.00 per share.
The company withheld 1,227 shares at $2.95 per share to cover his tax obligation, a non-market disposition. After these transactions, he directly holds 149,113 shares of common stock and 6,818 unvested RSUs from this grant. He also reports indirect holdings through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,273 shares exercised/converted
Exercise
6 txns
Insider
Colglazier Michael A
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,273 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,273 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,227 | $2.95 | $4K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,818 contracts (Direct);
Common Stock — 149,113 shares (Direct);
Common Stock — 15,892 shares (Indirect, By Family Revocable Trust);
Common Stock — 1,692 shares (Indirect, By Family Trust for Son 1);
Common Stock — 1,692 shares (Indirect, By Family Trust for Son 2)
Footnotes (4)
- F1. 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 restricted stock units ("RSUs") granted on March 16, 2023.
- F2. RSUs convert into common stock on a one-for-one basis.
- F3. 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.
- F4. 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 converted: 2,273 shares
Tax withholding shares: 1,227 shares
Tax withholding price: $2.95/share
+5 more
8 metrics
RSUs converted
2,273 shares
RSUs granted March 16, 2023, converted June 29, 2026
Tax withholding shares
1,227 shares
Shares withheld to cover tax at $2.95 per share
Tax withholding price
$2.95/share
Price used for shares withheld for tax obligation
Direct shares after transaction
150,340 shares
Common stock directly held after June 29, 2026 transactions
Unvested RSUs remaining
6,818 units
Unvested portion of March 16, 2023 RSU grant
Family Revocable Trust holdings
15,892 shares
Common stock held indirectly by Family Revocable Trust
Family Trust Son 1 holdings
1,692 shares
Common stock held indirectly by Family Trust for Son 1
Family Trust Son 2 holdings
1,692 shares
Common stock held indirectly by Family Trust for Son 2
Key Terms
Restricted Stock Units, tax withholding obligation, Family Revocable Trust, one-for-one basis, +1 more
5 terms
Restricted Stock Units financial
"Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs..."
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
"Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation..."
Family Revocable Trust financial
"nature_of_ownership: By Family Revocable Trust"
one-for-one basis financial
"RSUs convert into common stock on a one-for-one basis."
unvested portion financial
"Represents only the unvested portion of the RSUs granted on March 16, 2023..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Virgin Galactic (SPCE) CEO Michael Colglazier report in this Form 4?
He reported routine equity compensation activity. 2,273 RSUs granted on March 16, 2023 converted into common stock, with some shares withheld to cover taxes and the remainder increasing his direct ownership in Virgin Galactic.
What RSU grant is referenced in Michael Colglazier’s Virgin Galactic Form 4?
The filing references RSUs granted on March 16, 2023. Twenty-five percent vested on March 16, 2024, and the remaining 75% vest in 12 quarterly installments beginning June 16, 2024, subject to his continued service with Virgin Galactic.
How many unvested RSUs remain for the Virgin Galactic CEO in this grant?
After the June 29, 2026 vesting event, 6,818 unvested RSUs from the March 16, 2023 grant remain outstanding. These RSUs may be settled in Virgin Galactic common stock or, at the company’s discretion, in cash when they vest.
Does this Virgin Galactic Form 4 show open-market buying or selling by the CEO?
No open-market purchases or sales are reported. The activity consists of RSUs converting into common stock and shares withheld by Virgin Galactic to satisfy tax obligations, which is a standard, non-market equity compensation mechanism for executives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
