Chitale Aparna 4

What Happened

• Aparna Chitale, CPO & EVP, Customer Operations at Virgin Galactic (SPCE), was granted 285,434 restricted stock units (RSUs) on March 19, 2026. The grant was reported as a derivative award (price $0.00), meaning no cash changed hands at grant. The RSUs are subject to vesting and may be settled in shares or, at the company’s discretion, in cash.

Key Details

• Transaction date: 2026-03-19 (Form 4 filed 2026-03-23; filing appears timely)
• Transaction type/code: Award/Grant (A); derivative award reported at $0.00
• Shares/units granted: 285,434 RSUs
• Shares owned after transaction: Not disclosed in the filing
• Footnote: RSUs vest in three annual installments — one‑third on each of the first three anniversaries of the grant date, subject to continued service. Settlement may be in common stock or cash.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding disposition in this filing

Context

• RSU grants are a form of compensation/retention, not an open‑market purchase or sale. They do not represent immediate additional voting shares until vested and settled. For investors, awards signal executive compensation but are not a direct bullish or bearish trade by the insider.