Form 4 for SPCE Virgin Galactic Holdings, Inc
Accepted 2022-03-21 00:00:00 ET · period of report 2022-03-17 · accession 0001706946-22-000049 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-21 | 2022-03-17 | SPCE | Colglazier Michael A | See Remarks, Dir | A - Grant | $0.00 | +473.8K | 1.07M | +79% | $0 |
| D | 2022-03-21 | 2022-03-17 | SPCE | Colglazier Michael A | See Remarks, Dir | A - Grant | $0.00 | +405.7K | 405.7K | 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 | 2022-03-17 | A | A | 473,818 | $0.00 | 1,069,983 | D | — | — | (F1) Represents an award of Restricted Stock Units (the "RSUs"), which will vest with respect to 25% of the RSUs on March 17, 2023, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 17, 2023, subject to the reporting person's continued service through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. |
| 2 | Derivative | Performance Stock Options | 2022-03-17 | A | A | 405,680 | $0.00 | 405,680 | D | $8.99 · — to — | 405,680 Common Stock | (F2) Represents an award of Performance Stock Options ("PSOs"), each representing a contingent right to receive one share of the Issuer's common stock. The PSOs will vest with respect to (i) 25% of the PSOs when the volume weighted average price of the Issuer's common stock for a period of 20 consecutive trading days (the "20-day VWAP") equals or exceeds $10.00 per share, (ii) 25% of the PSOs when the 20-day VWAP equals or exceeds $12 per share, (iii) 25% of the PSOs when the 20-day VWAP equals or exceeds $15 per share and (iv) 25% of the PSOs when the 20-day VWAP equals or exceeds $18.00 per share, subject to the reporting person's continued service through the applicable vesting date. Any unvested PSOs will be forfeited on the fourth anniversary of the grant date. |