Hart Daniel M 4
4 · Virgin Orbit Holdings, Inc. · Filed Jan 6, 2022
Insider Transaction Report
Form 4
Hart Daniel M
DirectorChief Executive Officer
Transactions
- Award
Stock Option
2022-01-04+820,349→ 820,349 totalExercise: $6.83Exp: 2032-01-04→ Common Stock (820,349 underlying)
Footnotes (1)
- [F1]The stock option vests and becomes exercisable as to 25% of the shares underlying the stock option on December 29, 2022, and the remaining 75% of the shares underlying the stock option will vest in six substantially equal installments on each successive six-month anniversary of December 29, 2021, subject to continued service through the applicable vesting date. In addition, the Reporting Person's stock option will vest and become exercisable in full upon a termination of employment without "cause" or for "good reason."