Welcome to our dedicated page for Virgin Galactic Holdings SEC filings (Ticker: SPCE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Virgin Galactic Holdings, Inc. filings document the company's public-company reporting as a Delaware aerospace and space travel issuer with common stock listed on the New York Stock Exchange under SPCE. Its 8-K reports and earnings exhibits disclose operating results, business updates for SpaceShips and the launch vehicle, future-astronaut access fees, customer deposits, and capital used to fund commercial spaceline development.
The filing record also covers material agreements and capital-structure actions, including 9.80% First Lien Notes due 2028, repurchases of 2.50% convertible senior notes due 2027, registered direct equity offerings, pre-funded warrants, and common stock issuance programs. Proxy and governance filings address director nominations, stockholder voting matters, executive compensation, employment agreement amendments, board-designation rights, and related governance disclosures.
Virgin Galactic Holdings EVP, CLO & Corporate Secretary Sarah E. Kim reported the vesting and settlement of restricted stock units tied to company common stock. On April 7, 2026, RSUs previously granted on March 20, 2025 converted into 55,594 shares of common stock on a one-for-one basis.
To cover her tax withholding obligation on this vesting event, the company withheld 28,781 shares at a price of $3.07 per share, a non‑market transaction recorded under code F. Following these transactions, she directly holds 33,821 shares of Virgin Galactic common stock.
Virgin Galactic Holdings, Inc. Chief Financial Officer Douglas T. Ahrens reported routine equity compensation activity involving restricted stock units (RSUs). On April 7, 2026, he exercised RSUs that convert into common stock on a one-for-one basis, acquiring an aggregate 152,996 shares of common stock through RSU vesting events.
To cover associated tax withholding obligations on these vestings, the issuer withheld a total of 83,001 shares of common stock valued at $3.07 per share, classified as tax-withholding dispositions rather than open-market sales. Following these transactions, Ahrens directly owns 87,270 shares of Virgin Galactic common stock.
Virgin Galactic (SPCE) executive Aparna Chitale reported routine equity compensation activity. On April 7, 2026, she exercised and vested 66,570 Restricted Stock Units (RSUs), which convert into common stock on a one-for-one basis at no exercise price.
To cover tax obligations on these vestings, the company withheld a total of 36,068 shares of common stock at $3.07 per share, rather than selling shares in the open market. Following these transactions, Chitale directly holds 36,581 shares of Virgin Galactic common stock, while unvested RSUs from prior grants continue to vest over time subject to her continued service.
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.
Virgin Galactic Holdings, Inc. provides an in-depth annual overview of its space tourism and research business, technology, strategy and risks. The company highlights its transition from its first spaceship, VSS Unity, to next-generation vehicles expected to begin test flights in the third quarter of 2026 and commercial research flights in the fourth quarter of 2026. As of December 31, 2025, it had approximately 675 reservations representing about $188 million in expected future spaceflight revenue and had flown 23 paying astronauts and multiple research payloads. The filing also notes substantial recurring net losses, paused commercial flights since mid-2024 and management’s conclusion that conditions raise substantial doubt about its ability to continue as a going concern, underscoring heavy dependence on additional funding and successful ramp-up of its next-generation fleet.
Virgin Galactic Holdings reported wider-than-reported operating progress but continued heavy losses for the fourth quarter and full year 2025 while advancing its next-generation fleet. For Q4 2025, revenue was only $0.3 million, largely from access fees, and the company posted a net loss of $63 million and free cash flow of $(95) million, both improved versus 2024 due to lower operating expenses.
For full year 2025, revenue fell to $2 million from $7 million as commercial flights were paused to focus on building new SpaceShips. The net loss narrowed to $279 million and free cash flow to $(438) million as operating costs declined. Cash, cash equivalents and marketable securities totaled $338 million as of December 31, 2025, supported by $122 million of equity raised through at-the-market programs and other offerings.
The company opened sales for limited Virgin Galactic Spaceflight Expeditions, each priced at $750,000, and targets commercial operations with its first new SpaceShip in Q4 2026, with a second entering service between late Q4 2026 and early Q1 2027. Management expects Q1 2026 free cash flow between $(90) million and $(95) million, with sequential improvement over the remainder of 2026.
Virgin Galactic Holdings, Inc. executive Sarah E. Kim, EVP, CLO & Corporate Secretary, reported a routine tax-related share disposition. On March 24, 2026, 17 shares of common stock were withheld by the company to cover her tax obligation when restricted stock units granted on December 5, 2022 vested. After this withholding, she directly holds 7,008 shares of Virgin Galactic common stock. This was a tax-withholding event, not an open-market sale.
Virgin Galactic Holdings CEO Michael A. Colglazier received a compensation grant of 1,181,103 restricted stock units (RSUs). These RSUs were awarded at no exercise price and represent the right to receive an equal number of shares of common stock, or cash at the company’s discretion.
The award will vest in three equal annual installments, with one-third of the RSUs vesting on each of the first three anniversaries of the grant date, as long as he continues in service through each vesting date. No shares were sold or purchased in the market as part of this filing.
Kim Sarah E reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. reported that EVP, CLO & Corporate Secretary Sarah E. Kim received a grant of 238,189 restricted stock units (RSUs). These RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, conditioned on her continued service. Once vested, the RSUs may be settled either in shares of Virgin Galactic common stock or, at the company’s discretion, in cash. Following this compensation award, her reported direct holdings from this grant total 238,189 underlying shares.
Chitale Aparna reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. reported that CPO & EVP, Customer Operations Aparna Chitale received a grant of 285,434 restricted stock units (RSUs). These RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued service. Each RSU may be settled in either common stock or cash at the company’s discretion, and following this award Chitale is reported as holding 285,434 RSUs directly.