Colglazier Michael A 4

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.