Form 4/A for SPCE Virgin Galactic Holdings, Inc
Accepted 2023-04-24 00:00:00 ET · period of report 2023-03-16 · accession 0000899243-23-011606 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2023-04-24 | 2023-03-16 | SPCE | Ahrens Douglas T | See Remarks | A - Grant | $0.00 | +146.9K | 489.9K | +43% | $0 |
| DA | 2023-04-24 | 2023-03-16 | SPCE | Ahrens Douglas T | See Remarks | A - Grant | $0.00 | +440.6K | 440.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-16 | A | A | 146,854 | $0.00 | 489,862 | D | — | — | (F1) Represents an award of performance share units ("PSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest based on the achievement of growth rates in the price of the Issuer's common stock between March 16, 2023 and March 16, 2026, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the target amount under the PSU award. This Form 4 amendment is being filed to correct the number of PSU awards granted to the Reporting Person. (F2) The amount reported in Column 5 of Table I reflects the number of shares of common stock held by the Reporting Person as of the date of this Form 4 filing. |
| 2 | Derivative | Restricted Stock Units | 2023-03-16 | A | A | 440,560 | $0.00 | 440,560 | D | — · — to — | 440,560 Common Stock | (F3) Represents an award of restricted stock units (the "RSUs"), which will vest 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. This Form 4 amendment is being filed due to the fact that the original filing inadvertently reported this RSU grant in Table I. |