Virgin Galactic CEO converts grant into 2,273 shares
The CEO and President's quarterly RSU vesting included 1,227 common shares withheld for tax obligations at the reported $3.03 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Virgin Galactic Holdings, Inc. CEO and President Michael A. Colglazier converted 2,273 restricted stock units into 2,273 common shares on October 5, 2026, on a one-for-one basis. The issuer withheld 1,227 common shares at a reported $3.03 per share to cover his tax withholding obligation upon quarterly vesting.
After the transaction, 4,545 unvested RSUs remained from the March 16, 2023 award; that count excludes RSUs with different vesting terms. The award provides for 25% vesting on March 16, 2024, with the remaining 75% vesting in 12 quarterly installments beginning June 16, 2024, subject to continued service through each applicable vesting date. Separate indirect holdings list 15,892 shares in the Family Revocable Trust and 1,692 shares in each of the Family Trust for Son 1 and Family Trust for Son 2.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 2,273 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,273 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,227 | $3.03 | $4K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. 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 ("RSUs") granted on March 16, 2023.
- F2. RSUs convert into common stock on a one-for-one basis.
- F3. 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.
- F4. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.
Key Figures
Key Terms
Restricted Stock Units financial
one-for-one basis financial
quarterly installments financial
tax withholding obligation financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting terms for Michael A. Colglazier's SPCE RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.