4//SEC Filing
Kim Sarah E 4
Accession 0001706946-25-000050
CIK 0001706946other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 5:08 PM ET
Size
14.0 KB
Accession
0001706946-25-000050
Insider Transaction Report
Form 4
Kim Sarah E
EVP, CLO & Corporate Secretary
Transactions
- Award
Restricted Stock Units
2025-03-20+166,782→ 166,782 total→ Common Stock (166,782 underlying) - Exercise/Conversion
Common Stock
2025-03-21+11,853→ 18,973 total - Tax Payment
Common Stock
2025-03-21$4.26/sh−56$239→ 7,120 total - Disposition to Issuer
Common Stock
2025-03-21$4.10/sh−11,853$48,597→ 7,120 total - Exercise/Conversion
Restricted Stock Units
2025-03-21−11,853→ 11,853 total→ Common Stock (11,853 underlying)
Footnotes (8)
- [F1]Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the vesting of restricted stock units granted on December 5, 2022.
- [F2]Excludes 2,423 shares underlying performance share units granted on December 5, 2022 (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.
- [F3]Reflects the cash settlement of previously vested restricted stock units.
- [F4]Represents an award of restricted stock units, which will vest in three annual installments as follows: 33% of the restricted stock units will vest on the first and second anniversary of the Grant Date and the remaining 34% of the restricted stock units will vest on the third anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.
- [F5]Restricted stock units convert into common stock on a one-for-one basis.
- [F6]Represents an award of restricted stock units, which vested with respect to 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 21, 2025, and the remaining 50% of the restricted stock units will vest on the second anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
- [F7]The number of securities reported herein reflects the effects of a 1-for-20 reverse stock split effected by the Issuer on June 14, 2024, which was exempt from reporting pursuant to Rule 16a-9.
- [F8]Represents only the unvested portion of the restricted stock units granted on March 13, 2024, and does not include restricted stock units with different vesting terms.
Documents
Issuer
Virgin Galactic Holdings, Inc
CIK 0001706946
Entity typeother
Related Parties
1- filerCIK 0001955335
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 5:08 PM ET
- Size
- 14.0 KB