SPCE insider report: RSU vesting and 2,023-share withholding at $4.08

Rhea-AI Filing Summary

Michael A. Colglazier, CEO and President of Virgin Galactic Holdings, Inc. (SPCE), reported transactions on 10/07/2025 showing the quarterly vesting and partial sale of restricted stock units. 2,273 RSUs vested and were converted into common stock and reported as acquired at an aggregate price of $0 (reflecting vesting). To cover tax withholding on RSU vesting, the issuer withheld 1,225 shares and 798 shares in two separate withholdings, each at $4.08, reducing Colglazier’s direct holdings to 32,744 shares. He also holds 15,892 shares indirectly via a family revocable trust and two family trusts of 1,692 shares each for his sons. The filing is a routine Section 16 disclosure documenting compensation vesting and associated share withholding for taxes.

Positive

• Vested compensation aligns with the disclosed RSU schedule from 03/16/2023
• Significant indirect holdings retained (15,892 shares in a family trust) indicating continued family-aligned ownership

Negative

• Tax-withholding sales of 2,023 shares reduced direct ownership to 32,744 shares, slightly lowering immediate insider stake

Insights

Corporate Insider

RSU vesting led to share withholding to satisfy tax obligations; no open-market purchases reported.

The report shows 2,273 restricted stock units vested on 10/07/2025 and converted to common stock at grant settlement terms ($0 acquisition price for vested RSUs). The issuer withheld a total of 2,023 shares (1,225 and 798) at $4.08 per share to cover tax withholding.

This is standard executive compensation processing; monitor quarterly vesting schedules and any future open-market sales which would change direct ownership or signal liquidity needs over the next 12 months.

Compensation Analyst

Vesting cadence matches disclosed RSU grant terms from March 2023; remaining unvested RSUs remain material.

The RSU grant from 03/16/2023 vested 25% on 03/16/2024 with the remaining 75% in 12 quarterly installments beginning 06/16/2024. Following the reported vesting and withholdings, 13,636 unvested RSUs remain from that grant, per the filing.

Key items to watch are the continued quarterly vesting schedule and whether future settlements are in stock or cash, which could affect dilution and executive share counts across the next 12 quarters.

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

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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 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)

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

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		2,273	A	$0	34,767	D
Common Stock	10/07/2025		F		1,225(1)	D	$4.08	33,542	D
Common Stock	10/07/2025		F		798(2)	D	$4.08	32,744	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	(3)	10/07/2025		M			2,273	(4)	(4)	Common Stock	2,273	$0	13,636(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 17, 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 Michael Colglazier	10/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Michael Colglazier report on Form 4 for SPCE on 10/07/2025?

He reported 2,273 RSUs vested, conversion to common stock at $0, and issuer withholding of 1,225 and 798 shares (total 2,023 shares) at $4.08 to cover taxes.

How many SPCE shares does Colglazier own after the transactions?

After the reported transactions, Colglazier directly owns 32,744 shares and indirectly holds 15,892 shares via a family revocable trust plus 1,692 shares in each of two family trusts for his sons.

Why were shares withheld in the Form 4 filing?

The issuer withheld shares to satisfy the reporting person’s tax withholding obligations upon RSU vesting, per the explanatory notes.

How many unvested RSUs remain from the March 16, 2023 grant?

The filing states 13,636 unvested RSUs remain from the March 16, 2023 award (vesting over quarterly installments).

Were any open-market purchases or sales reported?

No open-market purchases or discretionary sales were reported; the disposals were withholdings for tax related to RSU vesting.