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Virgin Galactic (NYSE: SPCE) insider updates stock and RSU holdings

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

Rhea-AI Filing Summary

Virgin Galactic Holdings reported an insider equity transaction by its CPO & EVP, Customer Operations. On 12/30/2025, 525 restricted stock units were converted into common stock at an exercise price of $0. On the same date, the company withheld 283 shares from RSUs granted on March 16, 2023 and 153 shares from RSUs granted on March 16, 2022 to cover the reporting person’s tax obligations at a price of $3.15 per share. After these transactions, the officer directly held 8,876 shares of common stock and 2,622 unvested restricted stock units from the March 16, 2023 grant, which vest over a scheduled quarterly timetable.

Positive

  • None.

Negative

  • None.
Insider Chitale Aparna
Role CPO & EVP, Customer Operations
Type Security Shares Price Value
Exercise Restricted Stock Units 525 $0.00 --
Exercise Common Stock 525 $0.00 --
Tax Withholding Common Stock 283 $3.15 $891.45
Tax Withholding Common Stock 153 $3.15 $481.95
Holdings After Transaction: Restricted Stock Units — 2,622 shares (Direct); Common Stock — 9,312 shares (Direct)
Footnotes (1)
  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. 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. Restricted stock units convert into common stock on a one-for-one basis. 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. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include restricted stock units with different vesting terms.
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Form 4 Insider Transactions: What Each Field Means →
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)
12/30/2025
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 12/30/2025 M 525 A $0 9,312 D
Common Stock 12/30/2025 F 283(1) D $3.15 9,029 D
Common Stock 12/30/2025 F 153(2) D $3.15 8,876 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) 12/30/2025 M 525 (4) (4) Common Stock 525 $0 2,622(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 12/31/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Virgin Galactic (SPCE) report in this Form 4?

The filing reports that the CPO & EVP, Customer Operations had 525 restricted stock units convert into common stock on 12/30/2025, with related share withholding for taxes.

How many Virgin Galactic shares were withheld for taxes in this SPCE Form 4?

The company withheld 283 shares from RSUs granted on March 16, 2023 and 153 shares from RSUs granted on March 16, 2022 to cover the reporting person’s tax withholding obligations.

What price was used for the Virgin Galactic (SPCE) tax withholding shares?

The shares withheld to cover tax obligations were valued at $3.15 per share, as shown for both the 283 and 153 share withholding transactions.

How many Virgin Galactic common shares does the insider hold after these transactions?

Following the reported transactions, the officer beneficially owned 8,876 shares of Virgin Galactic common stock directly.

How many unvested RSUs does the Virgin Galactic officer still hold?

The filing shows 2,622 unvested restricted stock units remaining from the March 16, 2023 grant, representing only that specific award.

What is the vesting schedule for the March 16, 2023 RSU grant at Virgin Galactic?

The March 16, 2023 RSU award vested 25% on March 16, 2024, with the remaining 75% vesting in 12 quarterly installments beginning June 16, 2024, subject to continued service.

How do Virgin Galactic restricted stock units convert into common stock?

The filing states that restricted stock units convert into Virgin Galactic common stock on a one-for-one basis and may be settled in shares or, at the issuer’s discretion, cash upon vesting.