Ahrens Douglas T 4

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.