Virgin Galactic CEO exercises RSUs, pays taxes in stock

Virgin Galactic Holdings CEO Michael A. Colglazier reported RSU vesting and related tax withholding transactions.

Rhea-AI Filing Summary

Virgin Galactic Holdings CEO Michael A. Colglazier reported RSU vesting and related tax withholding transactions. He exercised restricted stock units that converted into 277,945 shares of common stock on a one-for-one basis, reflecting annual and quarterly vesting from prior RSU grants.

The issuer withheld 150,752 shares at $3.07 per share to cover tax obligations, a non-market disposition rather than an open-market sale. Following these transactions, Colglazier directly holds 148,067 common shares and has additional indirect holdings through family trusts.

Insider Trade Summary

277,945 shares exercised/converted

Exercise 10 txns

Insider Colglazier Michael A

Role CEO and President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	275,672	$0.00	$0.00
Exercise	Restricted Stock Units	2,273	$0.00	$0.00
Exercise	Common Stock	275,672	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	148,726	$3.07	$457K
Exercise	Common Stock	2,273	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,227	$3.07	$4K
Exercise Price or Tax Liability	Common Stock	799	$3.07	$2K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 560,435 contracts (Direct); Common Stock — 148,067 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 (8)

1. F1. Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025.
2. F2. 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 RSUs granted on March 16, 2023.
3. F3. 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 RSUs granted on March 17, 2022.
4. F4. RSUs convert into common stock on a one-for-one basis.
5. F5. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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, in cash.
6. F6. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
7. F7. 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.
8. F8. 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 to common stock: 277,945 shares Shares withheld for taxes: 150,752 shares Tax withholding price: $3.07 per share +4 more

7 metrics

RSUs converted to common stock 277,945 shares Total exerciseShares from derivative RSU conversions on April 7, 2026

Shares withheld for taxes 150,752 shares TaxWithholdingShares at $3.07 per share to cover tax obligations

Tax withholding price $3.07 per share Price used for F-code tax-withholding dispositions of common stock

Direct holdings after transactions 148,067 shares Total common stock directly owned by Colglazier after reported events

Family Revocable Trust holdings 15,892 shares Common stock held indirectly by Family Revocable Trust after transactions

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, quarterly vesting, Family Revocable Trust

4 terms

Restricted Stock Units financial

"Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026"

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

"shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units"

quarterly vesting financial

"withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2023"

Family Revocable Trust financial

"Common Stock held indirectly, nature of ownership: By Family Revocable Trust"

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?

Michael Colglazier reported RSU vesting and related share movements. Restricted stock units converted into common stock, and a portion of those shares was withheld by Virgin Galactic to satisfy tax obligations associated with the vesting, rather than being sold in the open market.

How many Virgin Galactic (SPCE) shares came from Michael Colglazier’s RSU vesting?

The filing shows RSUs converting into 277,945 shares of Virgin Galactic common stock. These shares arose from the vesting of previously granted restricted stock units, including awards granted in March 2023 and March 2025, consistent with their stated vesting schedules.

How many Virgin Galactic (SPCE) shares were withheld for Michael Colglazier’s taxes?

A total of 150,752 shares of Virgin Galactic common stock were withheld to cover tax obligations, at a price of $3.07 per share. These F-code transactions represent tax withholding by the issuer, not open-market sales initiated by Michael Colglazier.

How many Virgin Galactic (SPCE) shares does Michael Colglazier hold after these transactions?

After the reported transactions, Michael Colglazier directly holds 148,067 shares of Virgin Galactic common stock. The filing also lists additional indirect holdings through a family revocable trust and separate family trusts established for two of his children.

What are Restricted Stock Units (RSUs) in the Virgin Galactic (SPCE) CEO’s filing?

The RSUs are equity awards that convert into Virgin Galactic common stock on a one-for-one basis. They vest over time according to schedules described in the footnotes, and may be settled in shares or, at the company’s discretion, in cash upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/09/2026 - 06:52 PM Learn about SEC filing dates

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^*

Colglazier Michael A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/07/2026		M		275,672	A	$0	296,546	D
Common Stock	04/07/2026		F		148,726(1)	D	$3.07	147,820	D
Common Stock	04/07/2026		M		2,273	A	$0	150,093	D
Common Stock	04/07/2026		F		1,227(2)	D	$3.07	148,866	D
Common Stock	04/07/2026		F		799(3)	D	$3.07	148,067	D
Common Stock								15,892	I	By Family Revocable Trust
Common Stock								1,692	I	By Family Trust for Son 1
Common Stock								1,692	I	By Family Trust for Son 2

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	(4)	04/07/2026		M			275,672	(5)	(5)	Common Stock	275,672	$0	551,344(6)	D
Restricted Stock Units	(4)	04/07/2026		M			2,273	(7)	(7)	Common Stock	2,273	$0	9,091(8)	D

Explanation of Responses:

1. Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025.

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 RSUs granted on March 16, 2023.

3. 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 RSUs granted on March 17, 2022.

4. RSUs convert into common stock on a one-for-one basis.

5. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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, in cash.

6. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.

7. 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.

8. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.

Remarks:

	/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier	04/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)