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Virgin Galactic (SPCE) director West Gilbert receives 21,816-share RSU grant

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

Rhea-AI Filing Summary

West W Gilbert reported acquisition or exercise transactions in this Form 4 filing.

Virgin Galactic Holdings director West W. Gilbert received an equity grant of 21,816 shares of common stock in the form of restricted stock units. The grant was awarded at no cash cost and increases his direct holdings to 71,950 shares after the transaction.

The RSUs vest in full on the one-year anniversary of the grant date, or on the date of the next annual stockholder meeting if that meeting occurs earlier and he does not stand for re-election. Upon vesting, the RSUs will be settled in shares of Virgin Galactic common stock. The reported balance also reflects a one-share rounding correction.

Positive

  • None.

Negative

  • None.
Insider West W Gilbert
Role null
Type Security Shares Price Value
Grant/Award Common Stock 21,816 $0.00 --
Holdings After Transaction: Common Stock — 71,950 shares (Direct, null)
Footnotes (1)
  1. Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. The reported balance was adjusted by one share due to a rounding correction.
RSUs granted 21,816 shares Restricted stock unit award to director West W. Gilbert
Price per share $0.00 per share Grant price for RSU award
Shares after transaction 71,950 shares Total direct holdings following RSU grant
Vesting schedule 1-year or next annual meeting RSUs vest after one year or earlier annual meeting conditions
Rounding adjustment 1 share Reported balance adjusted by one share due to rounding correction
restricted stock units (RSUs) financial
"Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
annual meeting of stockholders regulatory
"if the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date"
vesting financial
"The RSUs will be settled in shares of the Issuer's common stock upon vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
rounding correction other
"The reported balance was adjusted by one share due to a rounding correction"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
West W Gilbert
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/11/2026A21,816(1)A$071,950(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
2. The reported balance was adjusted by one share due to a rounding correction.
Remarks:
/s/ Sarah Kim, Attorney-in-Fact for W. Gilbert West06/12/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Virgin Galactic (SPCE) report for West W. Gilbert?

Virgin Galactic reported that director West W. Gilbert received a grant of 21,816 restricted stock units. These RSUs were awarded at no cash cost and increase his direct holdings to 71,950 common shares after the transaction.

How many Virgin Galactic (SPCE) shares does West W. Gilbert hold after this Form 4?

After the reported RSU grant, West W. Gilbert directly holds 71,950 Virgin Galactic common shares. This total includes the 21,816 restricted stock units awarded and reflects a one-share adjustment due to a rounding correction disclosed in the filing.

What are the vesting terms of West W. Gilbert’s RSU award at Virgin Galactic (SPCE)?

The RSU award vests in full on the one-year anniversary of the grant date. If the next annual stockholder meeting occurs earlier and Gilbert is not standing for re-election, the RSUs instead vest on that meeting date, then settle in common shares.

Did West W. Gilbert buy or sell Virgin Galactic (SPCE) stock on the open market?

The transaction is a compensation-related grant, not an open-market trade. West W. Gilbert received 21,816 restricted stock units at a price of $0.00 per share, increasing his equity stake without directly buying or selling in the market.

How will West W. Gilbert’s RSUs at Virgin Galactic (SPCE) be settled?

Upon vesting, West W. Gilbert’s restricted stock units will be settled in shares of Virgin Galactic common stock. Settlement occurs after the RSUs fully vest under the time-based or annual meeting conditions specified in the award’s terms.