Ahrens Douglas T 4

4 · Virgin Galactic Holdings, Inc · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Virgin Galactic (SPCE) CFO Douglas Ahrens Exercises Options, Sells 35,560 Shares

What Happened

Douglas T. Ahrens, Chief Financial Officer of Virgin Galactic (SPCE), exercised/converted derivatives into 35,560 shares and those shares were immediately settled to the issuer for cash. The disposition price was $2.48 per share, generating proceeds of $88,189. The reported exercise showed an acquisition price of $0.00 (no cash paid on exercise) and an immediate cash settlement to the company.

Key Details

Transaction date: March 16, 2026 (reported on Form 4 filed March 18, 2026).
Derivative exercise: 35,560 shares acquired at $0.00 (transaction code M).
Disposition: 35,560 shares disposed to issuer at $2.48/share for $88,189 (transaction code D).
Filing timeliness: Reported within the required Form 4 window (timely).
Shares owned after transaction: Not specified in the summary filing provided here.
Relevant footnotes from the filing:
- F1: Excludes 7,342 shares underlying performance share units (granted Mar 16, 2023, adjusted for a 1-for-20 reverse split) that did not vest.
- F2/F4: Reflects cash settlement of vested restricted stock units; F4 notes an award of RSUs where the remaining 50% vested and were settled in cash on March 16, 2026. RSUs convert one-for-one into common stock or may be settled in cash (F3/F4).

Context

This was effectively a cash-settlement of vested/convertible awards (exercise of derivatives followed by immediate sale to the issuer), not an open-market purchase. Cash settlements and immediate dispositions are commonly used for tax withholding or to realize value on vested awards and do not necessarily signal a change in personal outlook.

Form 4

Period: 2026-03-16

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-16+35,560→ 52,835 total
Disposition to Issuer
Common Stock
[F2]
2026-03-16$2.48/sh−35,560$88,189→ 17,275 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-03-16−35,560→ 0 total
→ Common Stock (35,560 underlying)

Footnotes (4)

[F1]Excludes 7,342 shares underlying performance share units granted on March 16, 2023 (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.
[F2]Reflects the cash settlement of previously vested restricted stock units.
[F3]Restricted stock units convert into common stock on a one-for-one basis.
[F4]Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.

Signature

/s/ Sarah Kim, Attorney-in-Fact for Douglas T. Ahrens|2026-03-18

1 file