O'Rear Brita Eve 4
4 · Virgin Orbit Holdings, Inc. · Filed Jan 3, 2022
Insider Transaction Report
Form 4
O'Rear Brita Eve
Chief Financial Officer
Transactions
- Award
Stock Option
2021-12-29+69,104→ 69,104 totalExercise: $3.23Exp: 2030-09-30→ Common Stock (69,104 underlying) - Award
Stock Option
2021-12-29+26,300→ 26,300 totalExercise: $4.02Exp: 2029-05-23→ Common Stock (26,300 underlying) - Award
Stock Option
2021-12-29+74,931→ 74,931 totalExercise: $3.86Exp: 2027-08-17→ Common Stock (74,931 underlying) - Award
Stock Option
2021-12-29+12,738→ 12,738 totalExercise: $3.92Exp: 2028-08-23→ Common Stock (12,738 underlying)
Footnotes (2)
- [F1]The stock option vests and becomes exercisable as to 25% of the shares underlying the stock option on the one year anniversary of the vesting commencement date and thereafter as to 1/12th of the shares underlying the stock option on each quarterly anniversary of the vesting commencement date, subject to continued service through the applicable vesting date.
- [F2]Pursuant to the business combination of NextGen Acquisition Corp. II and Vieco USA, Inc. ("Vieco USA"), each share of Vieco USA outstanding common stock was automatically cancelled and converted into the right to receive shares of the Issuer's Common Stock based on a 1-to-1.2503 conversion ratio (the "Conversion Ratio"). In addition, each outstanding Vieco USA equity award was automatically cancelled and converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Vieco USA equity awards.