STOCK TITAN

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

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

Aparna Chitale, CPO & EVP, Customer Operations of Virgin Galactic Holdings, Inc. (SPCE), reported multiple transactions on 10/07/2025 tied to the scheduled vesting of restricted stock units (RSUs). A total of 524 RSUs converted into common stock and are reported as acquired at a $0 conversion price, increasing the direct common shares from the vested award to a post-transaction holding of 9,274 shares in one line. To satisfy tax-withholding on RSU vesting, the issuer withheld 283 and 153 shares respectively at a withholding price of $4.08, reducing reported holdings to 8,991 and 8,838 shares on separate lines.

The filing clarifies that the RSUs were granted on 03/16/2023, vest 25% on 03/16/2024, and the remaining 75% vest in 12 quarterly installments beginning 06/16/2024. The RSUs convert one-for-one into common stock and may be settled in shares or cash at the issuer's discretion. After these transactions, 524 shares underlying vested RSUs are reported as derivative securities, leaving 3,147 unvested RSUs from the 2023 grant.

Aparna Chitale, CPO & EVP, Customer Operations di Virgin Galactic Holdings, Inc. (SPCE), ha riportato multiple transazioni il 10/07/2025 legate al vesting programmato di unità azionarie restrittive (RSU). In tutto 524 RSU convertite in azioni comuni e riportate come acquisite a un prezzo di conversione di $0, aumentando le azioni dirette ordinarie dal premio maturato a una partecipazione post-transazione di 9.274 azioni in una riga. Per soddisfare la ritenuta d'acconto sull'vesting delle RSU, l'emittente ha trattenuto 283 e 153 azioni rispettivamente a un prezzo di ritenuta di $4.08, riducendo le partecipazioni riportate a 8.991 e 8.838 azioni su righe separate.

La dichiarazione chiarisce che le RSU sono state concesse il 16/03/2023, si vestono al 25% il 16/03/2024, e il restante 75% vesti in 12 rate trimestrali a partire dal 16/06/2024. Le RSU si convertono one-for-one in azioni ordinarie e possono essere regolate in azioni o in contanti a discrezione dell'emittente. Dopo queste transazioni, 524 azioni sottostanti le RSU maturate sono riportate come strumenti derivati, lasciando 3.147 RSU non maturate dalla concessione del 2023.

Aparna Chitale, CPO y EVP, Operaciones al Cliente de , informó múltiples transacciones el 10/07/2025 vinculadas al vesting programado de unidades de acciones restringidas (RSU). En total, 524 RSU se convirtieron en acciones comunes y se reportan adquiridas a un precio de conversión de $0, aumentando las acciones directas comunes del premio adquirido a una participación posterior a la transacción de 9,274 acciones en una sola línea. Para satisfacer la retención de impuestos sobre el vesting de las RSU, el emisor retuvo 283 y 153 acciones respectivamente a un precio de retención de $4.08, reduciendo las participaciones reportadas a 8,991 y 8,838 acciones en líneas separadas.

La presentación aclara que las RSU fueron otorgadas el 16/03/2023, vencen al 25% el 16/03/2024, y el 75% restante vence en 12 cuotas trimestrales a partir del 16/06/2024. Las RSU se convierten uno a uno en acciones comunes y pueden liquidarse en acciones o en efectivo a discreción del emisor. Después de estas transacciones, 524 acciones subyacentes a RSU adquiridas se reportan como valores derivados, quedando 3,147 RSU no adquiridas desde la concesión de 2023.

Aparna Chitale, CPO 및 EVP, 고객 운영 담당으로서 Virgin Galactic Holdings, Inc. (SPCE)2025-10-07에 예정된 제한 주식 단위(RSU)의 취득 vesting과 관련된 여러 거래를 보고했습니다. 총 524 RSU가 보통주로 전환되어 전환가를 $0로 보고되며, 취득 보상에서의 직접 보유가 거래 후 보유 지분의 합계로 한 줄에 9,274주 증가합니다. RSU vesting에 따른 원천징수를 충당하기 위해 발행사는 각각 283주와 153주를 보유가로 $4.08로 제하여 보고된 보유 수를 각각 8,991주와 8,838주로 줄였습니다.

공시는 RSU가 2023-03-16에 부여되었고 2024-03-16에 25%가 vesting되며 나머지 75%는 2024-06-16부터 시작하는 12분기 분할로 vest된다고 명시합니다. RSU는 1대1로 보통주로 전환되며 발행인의 재량으로 주식 또는 현금으로 결제될 수 있습니다. 이러한 거래 후 취득된 RSU의 기초 주식 524주는 파생증권으로 보고되며 2023년 부여의 미취득 RSU는 3,147주로 남습니다.

Aparna Chitale, CPO & EVP, Customer Operations de Virgin Galactic Holdings, Inc. (SPCE), a signalé plusieurs transactions le 10/07/2025 liées au vesting prévu des unités d'actions restreintes (RSU). Un total de 524 RSU s'est converti en actions ordinaires et est déclaré acquis à un prix de conversion de $0, augmentant les actions ordinaires directes du prix acquis à une détention post‑transaction de 9 274 actions sur une seule ligne. Pour satisfaire la retenue d'impôt sur le vesting des RSU, l'émetteur a retenu 283 et 153 actions respectivement à un prix de retenue de $4.08, réduisant les détentions déclarées à 8 991 et 8 838 actions sur des lignes séparées.

Le dépôt précise que les RSU ont été accordées le 16/03/2023, vestent à 25% le 16/03/2024, et les 75% restants vestent en 12 versements trimestriels à partir du 16/06/2024. Les RSU se convertissent 1 pour 1 en actions ordinaires et peuvent être réglées en actions ou en espèces à la discrétion de l'émetteur. Après ces transactions, 524 actions sous-jacentes des RSU acquises sont déclarées comme instruments dérivés, laissant 3 147 RSU non acquises de la subvention de 2023.

Aparna Chitale, CPO & EVP, Customer Operations von Virgin Galactic Holdings, Inc. (SPCE), meldete mehrere Transaktionen am 10/07/2025 im Zusammenhang mit dem geplanten Vesting restriktiver Aktieneinheiten (RSUs). Insgesamt wurden 524 RSU in Stammaktien umgewandelt und als zu einem Umtauschpreis von $0 erworben gemeldet, wodurch sich die direkten Stammaktien aus dem vesteten Preis auf 9.274 Aktien in einer Zeile erhöhen. Um die Steuerabzugspflicht bei RSU-Vesting zu erfüllen, behielt der Emittent 283 und 153 Aktien jeweils zu einem Abzugspreis von $4.08 ein, wodurch die gemeldeten Bestände auf 8.991 bzw. 8.838 Aktien in separaten Zeilen reduzierten.

Die Einreichung erläutert, dass die RSUs am 16/03/2023 gewährt wurden, zu 25% am 16/03/2024 vesten und die restlichen 75% in 12 vierteljährlichen Raten ab dem 16/06/2024 vesten. Die RSUs wandeln sich eins zu eins in Stammaktien um und können nach Ermessen des Emittenten in Aktien oder Bargeld abgewickelt werden. Nach diesen Transaktionen werden 524 Aktien, die den erworbenen RSUs unterliegen, als derivatische Wertpapiere gemeldet, und von der Zuteilung 2023 verbleiben 3.147 unvestete RSUs.

Aparna Chitale، رئيس/ة قسم الشراء والتنفيذي/ة للمشتريات وخدمات العملاء في Virgin Galactic Holdings, Inc. (SPCE)، أبلغ عن عدة معاملات في 10/07/2025 مرتبطة ببند vesting المخطط للوحدات الأسهم المقيدة (RSUs). تمت تحويل 524 RSU إلى أسهم عادية وأُبلغ عنها كمكتسبة بسعر تحويل قدره $0، مما زاد من الحيازة المباشرة من الأسهم العادية من الجائزة الممنوحة إلى حيازة ما بعد الصفقة تبلغ 9,274 سهماً في سطر واحد. ولتلبية احتجاز الضريبة على vesting RSU، احتفظ المصدر بـ283 و153 سهماً على التوالي بسعر احتجاز $4.08، مما قلل الحصص المبلغ عنها إلى 8,991 و8,838 سهماً في أسطر منفصلة.

يُوضح التقرير أن RSU مُنحت في 16/03/2023 وتكون Vesting بنسبة 25% في 16/03/2024، وباقي 75% vest خلال 12 دفعة فصلية بدءاً من 16/06/2024. RSU تتحول واحد لواحد إلى أسهم عادية ويمكن تسويتها بالأسهم أو نقداً وفقاً لتقدير المصدر. بعد هذه المعاملات، تعتبر 524 سهماً تحت RSU المكتسبة كأوراق مشتقة، وتبقى 3,147 RSU غير مكتسبة من منحة 2023.

Aparna Chitale,CPO & EVP,客户运营部,来自 Virgin Galactic Holdings, Inc. (SPCE),在2025-07-10报告了多笔与计划性归属的受限股票单位(RSU)相关的交易。总计 524份 RSU 转换为普通股,按 $0 的转换价格记录为取得,直接普通股持有由归属的奖励增加,交易后持有量为 9,274 股,单行显示。为满足 RSU 的税收预扣,发行人分别以预扣价格 $4.08 预扣了 283 股和 153 股,分别为 8,991 股和 8,838 股的报告持股在各自的行中减少。

申报文件说明 RSU 于 2023-03-16 授予,2024-03-16 归属 25%,其余 75% 将在 2024-06-16 起开始的 12 个季度分期归属。RSU 一比一转换为普通股,且可由发行人自行决定以股票或现金结算。在这些交易之后,524 份 RSU 所对应的已取得股份被列为衍生证券,2023 年授予中的尚未归属 RSU 仍为 3,147 股。

Positive
  • Scheduled vesting occurred as planned for RSUs granted on 03/16/2023, demonstrating predictable compensation governance.
  • Tax withholding was executed through share-withholding (283 and 153 shares), avoiding a cash outlay by the reporting person.
Negative
  • Outstanding unvested RSUs remain (3,147), which will dilute existing shareholders as they vest quarterly.
  • Issuer may settle future vested RSUs in cash, which could affect future cash resources if chosen instead of share settlement.

Insights

Routine RSU vesting with withholding; tax-cover shares reduced net share count.

The transactions reflect scheduled equity compensation mechanics: 524 RSUs vested and converted into common stock at a $0 conversion price while the company withheld 436 shares in total (283 and 153) to satisfy tax obligations at $4.08 per share. This is a standard practice that preserves net cash for the reporting person and records the tax settlement on the issuer's books.

Key dependencies and risks are limited and administrative: future dilution depends on remaining unvested awards (3,147 RSUs) and whether the issuer elects cash settlement. Investors should note the continuing quarterly vesting schedule through the remaining 12 installments starting 06/16/2024, which will modestly increase share count as vesting occurs.

Reported changes are small in absolute shares but important for insider ownership tracking.

The post-transaction beneficial ownership lines show 9,274, 8,991, and 8,838 shares across reporting lines, reflecting the timing and mechanics of conversion and withholding. The derivative table records 524 underlying shares converted and 3,147 remaining unvested RSUs from the 2023 grant.

Material impact on overall capital structure is minimal given these absolute amounts, but ongoing quarterly vesting will cause predictable, small increases in share float until the RSUs fully vest. Monitor the issuer's settlement choice (shares vs cash) for any near-term cash flow implications.

Aparna Chitale, CPO & EVP, Customer Operations di Virgin Galactic Holdings, Inc. (SPCE), ha riportato multiple transazioni il 10/07/2025 legate al vesting programmato di unità azionarie restrittive (RSU). In tutto 524 RSU convertite in azioni comuni e riportate come acquisite a un prezzo di conversione di $0, aumentando le azioni dirette ordinarie dal premio maturato a una partecipazione post-transazione di 9.274 azioni in una riga. Per soddisfare la ritenuta d'acconto sull'vesting delle RSU, l'emittente ha trattenuto 283 e 153 azioni rispettivamente a un prezzo di ritenuta di $4.08, riducendo le partecipazioni riportate a 8.991 e 8.838 azioni su righe separate.

La dichiarazione chiarisce che le RSU sono state concesse il 16/03/2023, si vestono al 25% il 16/03/2024, e il restante 75% vesti in 12 rate trimestrali a partire dal 16/06/2024. Le RSU si convertono one-for-one in azioni ordinarie e possono essere regolate in azioni o in contanti a discrezione dell'emittente. Dopo queste transazioni, 524 azioni sottostanti le RSU maturate sono riportate come strumenti derivati, lasciando 3.147 RSU non maturate dalla concessione del 2023.

Aparna Chitale, CPO y EVP, Operaciones al Cliente de , informó múltiples transacciones el 10/07/2025 vinculadas al vesting programado de unidades de acciones restringidas (RSU). En total, 524 RSU se convirtieron en acciones comunes y se reportan adquiridas a un precio de conversión de $0, aumentando las acciones directas comunes del premio adquirido a una participación posterior a la transacción de 9,274 acciones en una sola línea. Para satisfacer la retención de impuestos sobre el vesting de las RSU, el emisor retuvo 283 y 153 acciones respectivamente a un precio de retención de $4.08, reduciendo las participaciones reportadas a 8,991 y 8,838 acciones en líneas separadas.

La presentación aclara que las RSU fueron otorgadas el 16/03/2023, vencen al 25% el 16/03/2024, y el 75% restante vence en 12 cuotas trimestrales a partir del 16/06/2024. Las RSU se convierten uno a uno en acciones comunes y pueden liquidarse en acciones o en efectivo a discreción del emisor. Después de estas transacciones, 524 acciones subyacentes a RSU adquiridas se reportan como valores derivados, quedando 3,147 RSU no adquiridas desde la concesión de 2023.

Aparna Chitale, CPO 및 EVP, 고객 운영 담당으로서 Virgin Galactic Holdings, Inc. (SPCE)2025-10-07에 예정된 제한 주식 단위(RSU)의 취득 vesting과 관련된 여러 거래를 보고했습니다. 총 524 RSU가 보통주로 전환되어 전환가를 $0로 보고되며, 취득 보상에서의 직접 보유가 거래 후 보유 지분의 합계로 한 줄에 9,274주 증가합니다. RSU vesting에 따른 원천징수를 충당하기 위해 발행사는 각각 283주와 153주를 보유가로 $4.08로 제하여 보고된 보유 수를 각각 8,991주와 8,838주로 줄였습니다.

공시는 RSU가 2023-03-16에 부여되었고 2024-03-16에 25%가 vesting되며 나머지 75%는 2024-06-16부터 시작하는 12분기 분할로 vest된다고 명시합니다. RSU는 1대1로 보통주로 전환되며 발행인의 재량으로 주식 또는 현금으로 결제될 수 있습니다. 이러한 거래 후 취득된 RSU의 기초 주식 524주는 파생증권으로 보고되며 2023년 부여의 미취득 RSU는 3,147주로 남습니다.

Aparna Chitale, CPO & EVP, Customer Operations de Virgin Galactic Holdings, Inc. (SPCE), a signalé plusieurs transactions le 10/07/2025 liées au vesting prévu des unités d'actions restreintes (RSU). Un total de 524 RSU s'est converti en actions ordinaires et est déclaré acquis à un prix de conversion de $0, augmentant les actions ordinaires directes du prix acquis à une détention post‑transaction de 9 274 actions sur une seule ligne. Pour satisfaire la retenue d'impôt sur le vesting des RSU, l'émetteur a retenu 283 et 153 actions respectivement à un prix de retenue de $4.08, réduisant les détentions déclarées à 8 991 et 8 838 actions sur des lignes séparées.

Le dépôt précise que les RSU ont été accordées le 16/03/2023, vestent à 25% le 16/03/2024, et les 75% restants vestent en 12 versements trimestriels à partir du 16/06/2024. Les RSU se convertissent 1 pour 1 en actions ordinaires et peuvent être réglées en actions ou en espèces à la discrétion de l'émetteur. Après ces transactions, 524 actions sous-jacentes des RSU acquises sont déclarées comme instruments dérivés, laissant 3 147 RSU non acquises de la subvention de 2023.

Aparna Chitale, CPO & EVP, Customer Operations von Virgin Galactic Holdings, Inc. (SPCE), meldete mehrere Transaktionen am 10/07/2025 im Zusammenhang mit dem geplanten Vesting restriktiver Aktieneinheiten (RSUs). Insgesamt wurden 524 RSU in Stammaktien umgewandelt und als zu einem Umtauschpreis von $0 erworben gemeldet, wodurch sich die direkten Stammaktien aus dem vesteten Preis auf 9.274 Aktien in einer Zeile erhöhen. Um die Steuerabzugspflicht bei RSU-Vesting zu erfüllen, behielt der Emittent 283 und 153 Aktien jeweils zu einem Abzugspreis von $4.08 ein, wodurch die gemeldeten Bestände auf 8.991 bzw. 8.838 Aktien in separaten Zeilen reduzierten.

Die Einreichung erläutert, dass die RSUs am 16/03/2023 gewährt wurden, zu 25% am 16/03/2024 vesten und die restlichen 75% in 12 vierteljährlichen Raten ab dem 16/06/2024 vesten. Die RSUs wandeln sich eins zu eins in Stammaktien um und können nach Ermessen des Emittenten in Aktien oder Bargeld abgewickelt werden. Nach diesen Transaktionen werden 524 Aktien, die den erworbenen RSUs unterliegen, als derivatische Wertpapiere gemeldet, und von der Zuteilung 2023 verbleiben 3.147 unvestete RSUs.

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 CA 92782

(City) (State) (Zip)
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, Customer Operations
3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 10/07/2025 M 524 A $0 9,274 D
Common Stock 10/07/2025 F 283(1) D $4.08 8,991 D
Common Stock 10/07/2025 F 153(2) D $4.08 8,838 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 10/07/2025 M 524 (4) (4) Common Stock 524 $0 3,147(5) D
Explanation of Responses:
1. 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 granted on March 16, 2023.
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 restricted stock units granted on March 16, 2022.
3. Restricted stock units convert into common stock on a one-for-one basis.
4. Represents an award of restricted stock units (the "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.
5. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.
Remarks:
/s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale 10/08/2025
** 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.

FAQ

What transactions did Aparna Chitale report on Form 4 for SPCE?

The filing shows 524 RSUs converted into common stock on 10/07/2025 and share withholding of 283 and 153 shares to cover tax withholding at $4.08 per share.

How many unvested RSUs remain for the 2023 grant?

There are 3,147 unvested RSUs remaining from the award granted on 03/16/2023.

What is the vesting schedule for the RSUs granted on March 16, 2023?

The RSUs vested 25% on 03/16/2024 with the remaining 75% scheduled to vest in 12 quarterly installments beginning 06/16/2024.

Were the vested RSUs settled in shares or cash?

The filing states RSUs may be settled in shares or cash at the issuer's discretion; the reported transactions show conversion into common stock and share-withholding for taxes.

What was the price used for tax withholding?

The withholding price reported for the tax-share transactions was $4.08 per share.
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