Ahrens Douglas T 4
4 · Virgin Galactic Holdings, Inc · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Virgin Galactic (SPCE) CFO Douglas Ahrens Receives RSUs; Shares Withheld
What Happened
- Douglas T. Ahrens, Chief Financial Officer of Virgin Galactic (SPCE), had restricted stock units (RSUs) convert into 152,996 shares on April 7, 2026 (two conversions of 151,619 and 1,377 shares at $0.00). To cover tax withholding on the vested RSUs, the issuer withheld 83,001 shares, representing cashless withholding and resulting in proceeds of approximately $254,813 (aggregate of $251,123, $2,281 and $1,409).
Key Details
- Transaction date: April 7, 2026; Form filed April 9, 2026 (Accession 0001589800-26-000006).
- Conversions/exercises (code M): 151,619 shares and 1,377 shares acquired at $0.00.
- Withheld for taxes (code F): 81,799; 743; and 459 shares withheld at $3.07 each, total 83,001 shares withheld for ~$254,813.
- Footnotes: RSUs convert one-for-one to common stock (F4); withholding entries reflect tax withholding on RSUs granted March 20, 2025 and March 16, 2023 (F1–F3, F5–F8) with specified vesting schedules. The filing indicates shares may be settled in stock or cash per grant terms.
- Shares owned after the transaction: not specified in the provided filing details.
Context
- This was not an open-market sale or purchase by the insider but a routine vesting/settlement of RSUs with shares withheld to satisfy tax obligations (a common "cashless" settlement). Such withholding is administrative and does not necessarily indicate the insider's view on the company's stock.
Insider Transaction Report
Form 4
Ahrens Douglas T
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-04-07+151,619→ 168,894 total - Tax Payment
Common Stock
[F1]2026-04-07$3.07/sh−81,799$251,123→ 87,095 total - Exercise/Conversion
Common Stock
2026-04-07+1,377→ 88,472 total - Tax Payment
Common Stock
[F2]2026-04-07$3.07/sh−743$2,281→ 87,729 total - Tax Payment
Common Stock
[F3]2026-04-07$3.07/sh−459$1,409→ 87,270 total - Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]2026-04-07−151,619→ 303,240 total→ Common Stock (151,619 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7][F8]2026-04-07−1,377→ 5,507 total→ Common Stock (1,377 underlying)
Footnotes (8)
- [F1]Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025.
- [F2]Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2023.
- [F3]Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2022.
- [F4]RSUs convert into common stock on a one-for-one basis.
- [F5]Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.
- [F6]Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
- [F7]Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
- [F8]Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.
Signature
/s/ Sarah Kim, Attorney-in-Fact for Douglas T. Ahrens|2026-04-09