Colglazier Michael A 4

What Happened

• Michael A. Colglazier, President, CEO and a director of Virgin Galactic Holdings, was granted 1,181,103 restricted stock units (RSUs) on March 19, 2026. The award is reported as an acquisition (derivative) at $0.00, so no cash was paid at grant. The RSUs may be settled in shares or, at the company's discretion, cash.

Key Details

• Transaction date: 2026-03-19; Form 4 filed 2026-03-23 (timely filing).
• Security/transaction type: Award of RSUs (code A, derivative) — 1,181,103 units at $0.00.
• Vesting: RSUs vest in three equal annual installments (one-third each year) subject to continued service.
• Settlement: May be settled in common stock or, at the issuer’s discretion, in cash (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed within the SEC’s two-business-day window for Form 4 (not reported late).

Context

• RSU grants are a common form of executive compensation intended to retain executives; they are not an immediate purchase or sale of stock. Because these awards vest over time, they represent future potential ownership rather than an immediate market transaction.