Form 4 for SPCE Virgin Galactic Holdings, Inc
Accepted 2025-03-24 00:00:00 ET · period of report 2025-03-20 · accession 0001706946-25-000048 · 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 | 2025-03-24 | 2025-03-21 | SPCE | Colglazier Michael A | CEO, Pres, Dir | D - Sale to Iss | $4.10 | -43.1K | 32.2K | -57% | -$176.7K |
| D | 2025-03-24 | 2025-03-21 | SPCE | Colglazier Michael A | CEO, Pres, Dir | M - OptEx | $0.00 | +43.1K | 75.3K | +134% | $0 |
| D | 2025-03-24 | 2025-03-21 | SPCE | Colglazier Michael A | CEO, Pres, Dir | M - OptEx | $0.00 | -43.1K | 43.1K | -50% | $0 |
| D | 2025-03-24 | 2025-03-20 | SPCE | Colglazier Michael A | CEO, Pres, Dir | A - Grant | $0.00 | +827.0K | 827.0K | 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 | 2025-03-21 | D | D | 43,103 | $4.10 | 32,213 | D | — | — | (F2) Reflects the cash settlement of previously vested restricted stock units. |
| 2 | Common | Common Stock | 2025-03-21 | M | A | 43,103 | $0.00 | 75,316 | D | — | — | (F1) Excludes 7,897 shares underlying performance share units granted on March 17, 2022 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met. |
| 3 | Derivative | Restricted Stock Units | 2025-03-21 | M | D | 43,103 | $0.00 | 43,103 | D | — · — to — | 43,103 Common Stock | (F7) Represents only the unvested portion of the restricted stock units granted on March 13, 2024, and does not include restricted stock units with different vesting terms. (F6) The number of securities reported herein reflects the effects of a 1-for-20 reverse stock split effected by the Issuer on June 14, 2024, which was exempt from reporting pursuant to Rule 16a-9. (F4) Restricted stock units convert into common stock on a one-for-one basis. (F5) Represents an award of restricted stock units, which vested with respect to 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 21, 2025, and the remaining 50% of the restricted stock units will vest on the second anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting. |
| 4 | Derivative | Restricted Stock Units | 2025-03-20 | A | A | 827,016 | $0.00 | 827,016 | D | — · — to — | 827,016 Common Stock | (F3) Represents an award of restricted stock units, which will vest in three annual installments as follows: 33% of the restricted stock units will vest on the first and second anniversary of the Grant Date and the remaining 34% of the restricted stock units will vest on the third anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash. |