Ahrens Douglas T 4

What Happened

• Douglas T. Ahrens, Chief Financial Officer of Virgin Galactic (SPCE), had 1,377 restricted stock units (RSUs) convert into common stock on June 29, 2026. The RSU conversion price is reported as $0.00 per share (no cash paid to acquire). To cover withholding tax, 743 shares were surrendered/withheld at a value of $2.95 per share, totaling $2,192. Net shares delivered to Ahrens from this vesting event were 634 shares (1,377 vested − 743 withheld).
• This was a routine vesting/tax-withholding event (not an open-market sale or a purchase) arising from RSUs previously granted on March 16, 2023.

Key Details

• Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (appears timely).
• Vesting/conversion: 1,377 RSUs converted to 1,377 common shares (reported at $0.00 per share).
• Tax withholding: 743 shares withheld/disposed at $2.95 per share for $2,192 (sell-to-cover style withholding).
• Net shares issued to insider: 634 shares.
• Relevant footnotes: RSUs granted 3/16/2023; RSUs convert one-for-one into common stock (F1–F4). The RSUs vest on a schedule (25% on 3/16/2024, remainder over 12 quarterly installments beginning 6/16/2024). The filing indicates withholding to satisfy tax obligations, not a market sale.

Context

• This is a vesting/tax-withholding transaction, common for executives receiving RSU awards — it is not a directional bet by the insider on the stock. The derivative entries reflect conversion of RSUs into common shares and the withholding (share surrender) to cover taxes (not an open-market disposition).