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Virgin Galactic (SPCE) CFO details RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

Virgin Galactic Holdings, Inc. CFO reports equity transactions under Form 4. Chief Financial Officer Douglas T. Ahrens reported activity in Virgin Galactic common stock on 12/30/2025 related to previously granted restricted stock units (RSUs). He acquired 1,376 shares of common stock at $0 upon the vesting and conversion of RSUs, and the company withheld 741 shares and 458 shares at a price of $3.15 per share to satisfy tax withholding obligations on RSUs granted on March 16, 2023 and March 16, 2022, respectively. After these transactions, he directly owned 24,617 shares of common stock and held 6,884 unvested RSUs from the March 16, 2023 grant, which continue to vest in scheduled quarterly installments.

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Insider Ahrens Douglas T
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,376 $0.00 --
Exercise Common Stock 1,376 $0.00 --
Tax Withholding Common Stock 741 $3.15 $2K
Tax Withholding Common Stock 458 $3.15 $1K
Holdings After Transaction: Restricted Stock Units — 6,884 shares (Direct); Common Stock — 25,816 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.
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*
Ahrens Douglas T
(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)
Chief Financial Officer
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 1,376 A $0 25,816 D
Common Stock 12/30/2025 F 741(1) D $3.15 25,075 D
Common Stock 12/30/2025 F 458(2) D $3.15 24,617 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 1,376 (4) (4) Common Stock 1,376 $0 6,884(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 Douglas T. Ahrens 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) disclose in this Form 4?

Virgin Galactic (SPCE) disclosed that its Chief Financial Officer, Douglas T. Ahrens, had equity transactions on 12/30/2025 involving the vesting of restricted stock units and related tax withholding in the company’s common stock.

How many Virgin Galactic (SPCE) shares did the CFO acquire in this filing?

The CFO acquired 1,376 shares of Virgin Galactic common stock at $0 per share upon the vesting and conversion of restricted stock units.

How many Virgin Galactic (SPCE) shares were withheld for taxes from the CFO’s RSU vesting?

The company withheld 741 shares tied to RSUs granted on March 16, 2023 and 458 shares tied to RSUs granted on March 16, 2022, both at a price of $3.15 per share, to cover the CFO’s tax withholding obligations.

How many Virgin Galactic (SPCE) shares does the CFO own after the reported transactions?

Following the reported transactions, the CFO directly owned 24,617 shares of Virgin Galactic common stock.

What restricted stock units (RSUs) remain outstanding for the Virgin Galactic (SPCE) CFO?

The CFO holds 6,884 unvested RSUs from an award granted on March 16, 2023. This grant vested 25% on March 16, 2024, and the remaining 75% continues to vest in 12 quarterly installments beginning June 16, 2024, subject to continued service.

How do the Virgin Galactic (SPCE) CFO’s 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 company’s discretion, in cash upon vesting.