Colglazier Michael A 4

4 · Virgin Galactic Holdings, Inc · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jun 30, 2026

Virgin Galactic (SPCE) CEO Michael Colglazier Exercises RSUs, Withholds Shares

What Happened

Michael A. Colglazier, CEO, President and a Director of Virgin Galactic (SPCE), had 2,273 restricted stock units (RSUs) convert into common shares on June 29, 2026. The RSUs converted at no exercise cost (typical for RSUs). To cover tax withholding, 1,227 of those shares were withheld by the issuer at $2.95 per share (total withholding value ~$3,620), leaving a net delivery of 1,046 shares to Colglazier.

Key Details

Transaction date: June 29, 2026. Filing date: June 30, 2026 (timely).
Conversion: 2,273 RSUs converted to 2,273 common shares (code M — exercise/conversion of derivative).
Tax withholding: 1,227 shares withheld (code F) at $2.95/share for ~$3,620.
Net shares issued to insider: 2,273 − 1,227 = 1,046 shares.
Shares owned after the transaction: not provided in the supplied filing excerpt.
Footnotes: RSUs were granted March 16, 2023; they convert one-for-one into common stock. Vesting schedule: 25% vested March 16, 2024, with the remaining 75% vesting in 12 quarterly installments beginning June 16, 2024. The issuer may settle RSUs in shares or, at its discretion, cash.

Context

This was a routine vesting of RSUs with company withholding to satisfy tax obligations (a common, non-discretionary action), not an open-market sale or a purchase. The RSUs had no exercise price (typical for RSUs), and the withholding is essentially a cashless tax payment performed by the company on the insider's behalf.

Form 4

Period: 2026-06-29

DirectorCEO and President

Transactions

Exercise/Conversion
Common Stock
2026-06-29+2,273→ 150,340 total
Tax Payment
Common Stock
[F1]
2026-06-29$2.95/sh−1,227$3,620→ 149,113 total
Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]
2026-06-29−2,273→ 6,818 total
→ Common Stock (2,273 underlying)

Holdings

Footnotes (4)

[F1]Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of restricted stock units ("RSUs") granted on March 16, 2023.
[F2]RSUs convert into common stock on a one-for-one basis.
[F3]Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
[F4]Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms.

Signature

/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier|2026-06-30

1 file