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Virgin Galactic (SPCE) director receives 21,816-share RSU equity award

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

Rhea-AI Filing Summary

Strandberg Diana S. reported acquisition or exercise transactions in this Form 4 filing.

Virgin Galactic Holdings director Diana S. Strandberg received an equity grant of 21,816 shares of common stock in the form of restricted stock units (RSUs). The RSUs were awarded at no cash cost and will vest in full on the one-year anniversary of the grant date, or on the next annual meeting date if that meeting occurs earlier and she does not stand for re-election. After this grant, Strandberg directly holds 92,746 shares of Virgin Galactic common stock.

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Insider Strandberg Diana S.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 21,816 $0.00 --
Holdings After Transaction: Common Stock — 92,746 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 21,816 shares Restricted stock units awarded to director on June 11, 2026
Grant price $0.00 per share Compensation award, no purchase price paid
Post-grant holdings 92,746 shares Total common stock directly held after the RSU grant
Vesting schedule 1-year or next annual meeting RSUs vest on one-year anniversary or earlier annual meeting date
restricted stock units (RSUs) financial
"Represents an award of restricted stock units (RSUs), which vests in full"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vests in full financial
"restricted stock units (RSUs), which vests in full on the one-year anniversary"
annual meeting of stockholders financial
"will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders"
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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*
Strandberg Diana S.

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
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 Stock06/11/2026A21,816(1)A$092,746D
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
Explanation of Responses:
1. Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
Remarks:
/s/ Sarah Kim, Attorney-in-Fact for Diana S. Strandberg06/12/2026
** 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)

FAQ

What insider transaction did Virgin Galactic (SPCE) report for Diana S. Strandberg?

Virgin Galactic reported that director Diana S. Strandberg received a grant of 21,816 restricted stock units. These RSUs are a stock-based compensation award, not an open-market purchase, and will convert into common shares upon vesting according to the disclosed schedule.

How many Virgin Galactic (SPCE) shares does Diana S. Strandberg hold after this Form 4?

Following the RSU award, Diana S. Strandberg is shown holding 92,746 shares of Virgin Galactic common stock directly. This figure includes the impact of the 21,816-share restricted stock unit grant reported in the Form 4 filing for the June 11, 2026 transaction date.

How do Diana S. Strandberg’s Virgin Galactic RSUs vest under this award?

The 21,816 RSUs vest in full on the one-year anniversary of the grant date. If the next annual stockholder meeting occurs earlier and she will not stand for re-election, the RSUs instead vest on that earlier annual meeting date, per the award terms.

Are Diana S. Strandberg’s Virgin Galactic RSUs settled in stock or cash?

The RSUs are settled in shares of Virgin Galactic’s common stock upon vesting. This means that once the vesting conditions are satisfied, Strandberg will receive actual common shares rather than cash, directly linking the award’s value to the company’s share price.

Did Diana S. Strandberg buy Virgin Galactic (SPCE) shares on the open market?

No, the Form 4 shows a grant coded as an "A" transaction, indicating an award or other acquisition. The 21,816 restricted stock units were granted as compensation at no stated purchase price, rather than acquired through an open-market stock purchase.

What does transaction code "A" mean in Diana S. Strandberg’s Virgin Galactic Form 4?

Transaction code "A" indicates a grant, award, or other acquisition of securities. In this case, it reflects a compensation-related award of 21,816 restricted stock units, which will convert into shares of Virgin Galactic common stock once the vesting requirements are satisfied.