Form 4 for SPCE Virgin Galactic Holdings, Inc
Accepted 2021-09-20 00:00:00 ET · period of report 2021-03-18 · accession 0001706946-21-000122 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-09-20 | 2021-09-16 | SPCE | Palihapitiya Chamath | Dir, 10% | G - Gift | $0.00 | -126.0K | 0 | -100% | $0 |
| DMI | 2021-09-20 | 2021-03-18 | SPCE | Palihapitiya Chamath | Dir, 10% | J - Other | $31.36 | -1.42M | 245.8K | -85% | -$44.63M |
| DMI | 2021-09-20 | 2021-03-18 | SPCE | Palihapitiya Chamath | Dir, 10% | X - OptEx | $11.50 | +3.88M | 3.49M | New | +$44.63M |
| DMI | 2021-09-20 | 2021-03-18 | SPCE | Palihapitiya Chamath | Dir, 10% | X - OptEx | $0.00 | -3.88M | 0 | -100% | $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 | 2021-09-16 | G | D | 125,960 | $0.00 | 0 | I See footnote | — | — | (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F5) Represents securities held of record by ChaChaCha 2019 Trust DTD 9/20/2019 (the "Trust"). The reporting person may be deemed to beneficially own the securities held by the Trust by virtue of his control over the Trust. Prior to the donation of the securities reported herein, the applicable shares were received by the Trust as part of pro rata distributions from the applicable Social Capital Entities exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended. |
| 2 | Common | Common Stock | 2021-03-18 | J | D | 1,280,750 | $31.36 | 2,212,245 | I See footnote | — | — | (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F1) Represents securities held of record by The Social+Capital Partnership III, L.P. ("SC III"). The Social+Capital Partnership GP III, Ltd. ("GP III Ltd.") is the general partner of The Social+Capital Partnership GP III, L.P. ("GP III LP"), which is the general partner of SC III. The sole member of GP III Ltd. is Social Capital Holdings Inc. ("SC Holdings"). GP III Ltd. has sole voting and dispositive power with regard to the shares held by SC III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |
| 3 | Common | Common Stock | 2021-03-18 | X | A | 388,111 | $11.50 | 3,881,111 | I See footnote | — | — | (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F3) Represents securities held of record by The Social+Capital Partnership Principals Fund III, L.P. ("Principals III" and, collectively with SC III, GP III Ltd., the "Social Capital Entities"). GP III Ltd. is the general partner of GP III LP, which is the general partner of Principals III. The sole member of GP III Ltd. is SC Holdings. GP III Ltd. has sole voting and dispositive power with regard to the shares held by Principals III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |
| 4 | Common | Common Stock | 2021-03-18 | X | A | 3,492,995 | $11.50 | 3,492,995 | I See footnote | — | — | (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F1) Represents securities held of record by The Social+Capital Partnership III, L.P. ("SC III"). The Social+Capital Partnership GP III, Ltd. ("GP III Ltd.") is the general partner of The Social+Capital Partnership GP III, L.P. ("GP III LP"), which is the general partner of SC III. The sole member of GP III Ltd. is Social Capital Holdings Inc. ("SC Holdings"). GP III Ltd. has sole voting and dispositive power with regard to the shares held by SC III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |
| 5 | Common | Common Stock | 2021-03-18 | J | D | 142,306 | $31.36 | 245,805 | I See footnote | — | — | (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F3) Represents securities held of record by The Social+Capital Partnership Principals Fund III, L.P. ("Principals III" and, collectively with SC III, GP III Ltd., the "Social Capital Entities"). GP III Ltd. is the general partner of GP III LP, which is the general partner of Principals III. The sole member of GP III Ltd. is SC Holdings. GP III Ltd. has sole voting and dispositive power with regard to the shares held by Principals III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |
| 6 | Derivative | Warrants | 2021-03-18 | X | D | 388,111 | $0.00 | 0 | I See footnote | $11.50 · 2019-11-24 to 2024-10-25 | 388,111 Common Stock | (F7) Prior to the exercise of the warrants reported herein, the applicable warrants were received by SC III and Principals III as part of a pro rata distribution from SCH Sponsor Corp. exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended. (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F3) Represents securities held of record by The Social+Capital Partnership Principals Fund III, L.P. ("Principals III" and, collectively with SC III, GP III Ltd., the "Social Capital Entities"). GP III Ltd. is the general partner of GP III LP, which is the general partner of Principals III. The sole member of GP III Ltd. is SC Holdings. GP III Ltd. has sole voting and dispositive power with regard to the shares held by Principals III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |
| 7 | Derivative | Warrants | 2021-03-18 | X | D | 3,492,995 | $0.00 | 0 | I See footnote | $11.50 · 2019-11-24 to 2024-10-25 | 3,492,995 Common Stock | (F7) Prior to the exercise of the warrants reported herein, the applicable warrants were received by SC III and Principals III as part of a pro rata distribution from SCH Sponsor Corp. exempt under Rule 16a-9 under the Securities Exchange Act of 1934, as amended. (F2) The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any. (F1) Represents securities held of record by The Social+Capital Partnership III, L.P. ("SC III"). The Social+Capital Partnership GP III, Ltd. ("GP III Ltd.") is the general partner of The Social+Capital Partnership GP III, L.P. ("GP III LP"), which is the general partner of SC III. The sole member of GP III Ltd. is Social Capital Holdings Inc. ("SC Holdings"). GP III Ltd. has sole voting and dispositive power with regard to the shares held by SC III. The reporting person is the Chief Executive Officer of SC Holdings and may be deemed to beneficially own the securities held by SC III by virtue of his indirect control over SC III. |