Virgin Galactic Holdings: CFO Douglas T Ahrens exercised 1,377 shares

What happened

• Douglas T Ahrens, CFO, exercised or converted derivative securities (RSUs) that resulted in 1,377 shares on Oct 5, 2026. The filing shows two "M" entries for 1,377 shares at $0.00 (one reported as acquired, one reported as disposed as a derivative).
• On the same date 743 shares were withheld by the issuer at $3.03 per share to cover tax withholding, for a total of $2,251 (transaction code F).

Key details

• Transaction date: Oct 5, 2026. Filing date: Oct 6, 2026.
• Reported transactions:
  • M: 1,377 shares @ $0.00 (acquired)
  • F: 743 shares @ $3.03 (disposed) — $2,251 total
  • M: 1,377 shares @ $0.00 (disposed, derivative)
• Shares owned after the transaction: not reported in this filing.
• Relevant footnotes:
  • Withholding represents shares withheld to cover tax on quarterly vesting of RSUs granted Mar 16, 2023 (RSUs convert one-for-one to common stock).
  • Vesting: 25% vested Mar 16, 2024; remaining 75% vests in 12 quarterly installments beginning Jun 16, 2024. Footnotes indicate this filing covers only the RSUs with that vesting schedule.
• No late filing indication in the report.

Why it may matter

• The filing shows RSUs vested/converted and that shares were withheld to satisfy tax withholding (a cashless-type settlement per the footnotes).
• This filing does not show why the insider traded or why the company acted.