Virgin Galactic: CEO Michael A Colglazier exercised 2,273 shares

What happened Michael A Colglazier, CEO and president and director, exercised or converted a derivative into 2,273 shares on Oct 5, 2026. The filing shows 1,227 shares were withheld to cover tax withholding at $3.03 per share for a total of $3,718. The Form 4 lists both an acquisition (2,273 shares @ $0.00) and a derivative disposition (2,273 shares @ $0.00).

Key details

• Transaction date(s) and price(s): Oct 5, 2026 — exercise/conversion (code M) 2,273 shares @ $0.00 (acquired); tax withholding/payment (code F) 1,227 shares @ $3.03 = $3,718; derivative disposition (code M) 2,273 shares @ $0.00 = $0.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 — shares withheld to cover tax withholding upon quarterly vesting of RSUs granted Mar 16, 2023; F2 — RSUs convert into common stock on a 1-for-1 basis; F3 — RSU grant dated Mar 16, 2023 vested 25% on Mar 16, 2024 with the remaining 75% vesting in 12 quarterly installments beginning Jun 16, 2024; RSUs may be settled in shares or, at the issuer’s discretion, cash; F4 — entry represents only the unvested portion of the Mar 16, 2023 RSUs and does not include RSUs with different vesting terms.
• Filing date and timeliness: filed Oct 6, 2026, reporting a transaction on Oct 5, 2026.

Why it may matter The filing reports a conversion of RSUs into common stock and shows 1,227 shares were withheld to cover tax obligations, indicating a cashless settlement for the tax withholding portion. The Form 4 does not explain the insider's reasons for the conversion or the issuer's choice to withhold shares. A filing does not show why the insider traded or why the company acted.