Virgin Galactic (NYSE: SPCE) CEO nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
277,945 shares exercised/converted
Mixed
10 txns
Insider
Colglazier Michael A
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 275,672 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,273 | $0.00 | -- |
| Exercise | Common Stock | 275,672 | $0.00 | -- |
| Tax Withholding | Common Stock | 148,726 | $3.07 | $457K |
| Exercise | Common Stock | 2,273 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,227 | $3.07 | $4K |
| Tax Withholding | Common Stock | 799 | $3.07 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 551,344 shares (Direct);
Common Stock — 296,546 shares (Direct);
Common Stock — 15,892 shares (Indirect, By Family Revocable Trust)
Footnotes (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. 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. 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. RSUs convert into common stock on a one-for-one basis. 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. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms. 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. 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
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.
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.