Colglazier Michael A 4

What Happened

• Michael A. Colglazier, CEO, President and a Director of Virgin Galactic (SPCE), had RSUs vest on April 7, 2026. A total of 277,945 shares were issued on conversion of those RSUs (exercise/conversion code M, exercise price $0.00). The company withheld 150,752 shares to cover tax withholding obligations (disposition code F) at $3.07 per share, totaling $462,809. After withholding, Colglazier received a net of 127,193 shares (277,945 − 150,752), which is roughly $390,483 using the $3.07/share figure implied in the filing.
• This was not an open-market sale by the insider but a routine RSU vesting with a cashless/net settlement to cover taxes.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (filed within the typical two-business-day window).
• RSUs converted (acquired): 277,945 shares (exercise/convert code M; $0.00 exercise price).
• Shares withheld for taxes (disposed): 150,752 shares at $3.07/share, total $462,809 (disposition code F).
• Net shares delivered to insider: 127,193 shares (277,945 − 150,752), approx. $390,483 using $3.07/share implied price.
• Footnotes: withholding relates to RSU grants dated March 20, 2025; March 16, 2023; and March 17, 2022. RSUs convert one-for-one into common stock and may be settled in shares or, at the company’s discretion, in cash.
• Transaction codes: M = conversion/exercise of a derivative (RSU settlement); F = shares withheld to satisfy tax withholding. No 10b5-1 plan or gift noted; filing appears timely.

Context

• This is a routine vesting/settlement of RSUs, not an open-market sale or purchase. The company withheld shares (a cashless/net settlement) to cover taxes — a common administrative action that does not necessarily signal insider sentiment.
• For retail investors: purchases are generally more informative about insider confidence than routine vesting. This filing documents compensation settlement and withholding rather than a voluntary sale or buy.