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[Form 4] Virgin Galactic Holdings, Inc Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Virgin Galactic Holdings, Inc. chief people officer and EVP, Customer Operations Aparna Chitale exercised restricted stock units into 13,470 shares of common stock on March 16, 2026. Those 13,470 shares were then disposed of back to the company at $2.48 per share as a cash settlement of previously vested units. Following these transactions, she holds 6,079 shares of common stock directly, and no remaining restricted stock units are shown in this filing.

Positive

  • None.

Negative

  • None.
Insider Chitale Aparna
Role CPO & EVP, Customer Operations
Type Security Shares Price Value
Exercise Restricted Stock Units 13,470 $0.00 --
Exercise Common Stock 13,470 $0.00 --
Disposition Common Stock 13,470 $2.48 $33K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 19,549 shares (Direct)
Footnotes (1)
  1. Excludes 2,797 shares underlying performance share units granted on March 16, 2023 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met. Reflects the cash settlement of previously vested restricted stock units. Restricted stock units convert into common stock on a one-for-one basis. Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CPO & EVP, Customer Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/16/2026M13,470A$019,549(1)D
Common Stock03/16/2026D13,470D$2.486,079(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)03/16/2026M13,470 (4) (4)Common Stock13,470$00D
Explanation of Responses:
1. Excludes 2,797 shares underlying performance share units granted on March 16, 2023 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met.
2. Reflects the cash settlement of previously vested restricted stock units.
3. Restricted stock units convert into common stock on a one-for-one basis.
4. Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
Remarks:
/s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale03/18/2026
** Signature of Reporting PersonDate
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 insider transaction did SPCE executive Aparna Chitale report on March 16, 2026?

Aparna Chitale exercised 13,470 restricted stock units into common stock, then disposed of the same 13,470 shares back to Virgin Galactic for cash. This reflects settlement of equity compensation rather than an open-market purchase or sale of shares.

How many Virgin Galactic (SPCE) shares does Aparna Chitale hold after this Form 4?

After the reported transactions, Aparna Chitale holds 6,079 shares of Virgin Galactic common stock directly. The filing shows no remaining restricted stock units, indicating her reported derivative equity awards tied to this transaction have been fully settled.

Was the SPCE Form 4 transaction an open-market sale of shares?

No. The filing shows a disposition of 13,470 shares to the issuer at $2.48 per share as a cash settlement of previously vested restricted stock units, not an open-market sale on a stock exchange to third-party buyers.

What does the $2.48 price in the Virgin Galactic Form 4 represent?

The $2.48 per share reflects the value used when 13,470 common shares were disposed of to Virgin Galactic. According to the footnotes, this was for cash settlement of vested restricted stock units, based on the value of a share on March 16, 2026.

Did any Virgin Galactic performance share units lapse in this insider report?

Yes. The footnotes state that 2,797 shares underlying performance share units granted March 16, 2023, adjusted for a 1-for-20 reverse split, were excluded because vesting requirements were not met, so they are no longer reported as beneficially owned.