Chitale Aparna 4

4 · Virgin Galactic Holdings, Inc · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Virgin Galactic CPO Aparna Chitale Sells 13,470 Shares

What Happened

Aparna Chitale, CPO & EVP, Customer Operations at Virgin Galactic (SPCE), had 13,470 restricted-stock units (RSUs) convert/exercise on March 16, 2026 and those units were settled to the issuer for cash. The disposal to the issuer was at $2.48 per share, producing $33,406 in cash proceeds. The Form 4 shows conversion/exercise (code M) entries and a disposition-to-issuer (code D) entry for the same 13,470 units.

Key Details

Transaction date: March 16, 2026.
Entries reported: exercise/conversion of derivative (M) 13,470 @ $0.00; disposition to issuer (D) 13,470 @ $2.48 for $33,406; a separate M entry reflects the derivative conversion mechanics reported in the filing.
Shares owned after transaction: Not specified in the Form 4 provided.
Footnotes of note:
- F4/F2: These transactions reflect RSUs that vested and were settled in cash (the company may settle RSUs in shares or cash).
- F3: Restricted stock units convert to common stock on a one-for-one basis.
- F1: The filing excludes 2,797 PSU shares that did not vest.
Timeliness: Filed 2026-03-18 for a 2026-03-16 transaction — no late filing indicator was reported.

Context

This was a cash settlement of vested RSUs (conversion/exercise followed by settlement to the issuer), not an open-market sale. Cash settlements are often routine compensation-related events and do not necessarily indicate an insider's buy/sell market view. Transaction codes: M = exercise/conversion of derivative (here RSUs), D = disposition to issuer (cash settlement).

Form 4

Period: 2026-03-16

CPO & EVP, Customer Operations

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-16+13,470→ 19,549 total
Disposition to Issuer
Common Stock
[F2]
2026-03-16$2.48/sh−13,470$33,406→ 6,079 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-03-16−13,470→ 0 total
→ Common Stock (13,470 underlying)

Footnotes (4)

[F1]Excludes 2,797 shares underlying performance share units granted on March 16, 2023 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met.
[F2]Reflects the cash settlement of previously vested restricted stock units.
[F3]Restricted stock units convert into common stock on a one-for-one basis.
[F4]Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.

Signature

/s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale|2026-03-18

1 file