Chitale Aparna 4
4 · Virgin Galactic Holdings, Inc · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Virgin Galactic (SPCE) CPO Aparna Chitale Converts RSUs; 36k Shares Withheld
What Happened
Aparna Chitale, CPO & EVP Astronaut Operations at Virgin Galactic (SPCE), had RSUs convert into 66,570 shares on April 7, 2026 (two conversions: 66,046 and 524 shares). To cover tax withholding the issuer withheld a total of 36,068 shares at $3.07 per share (reported value ≈ $110,729). That leaves about 30,502 net shares delivered to the reporting person. These were RSU vesting/conversions (derivative conversion), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-07; conversion price reported as $0.00 for the derivative conversion entries (M); withholding price used $3.07 per share (F).
- Shares converted: 66,570 (66,046 + 524). Shares withheld for taxes: 36,068 (35,632 + 283 + 153) — withheld value ≈ $110,729.
- Net shares delivered to insider (after withholding): ~30,502.
- Footnotes: withholdings relate to RSU vesting from grants dated Mar 20, 2025; Mar 16, 2023; and Mar 16, 2022. RSUs convert 1-for-1 and may be settled in shares or, at the issuer’s discretion, cash.
- Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld to satisfy tax withholding. Filing appears timely (filed 2026-04-09 for 2026-04-07 transactions).
Context
- This was a routine RSU vesting and cashless tax withholding, not an open-market sale or purchase. Such transactions reflect compensation vesting rather than a deliberate market trade decision.
- For options/RSU conversions: when shares are withheld to cover taxes, that is a common practice (cashless settlement) and reduces the net shares issued to the insider.
- Shares owned after the transaction were not specified in the provided excerpt of the filing.
Insider Transaction Report
Form 4
Chitale Aparna
CPO & EVP Astronaut Operations
Transactions
- Exercise/Conversion
Common Stock
2026-04-07+66,046→ 72,125 total - Tax Payment
Common Stock
[F1]2026-04-07$3.07/sh−35,632$109,390→ 36,493 total - Exercise/Conversion
Common Stock
2026-04-07+524→ 37,017 total - Tax Payment
Common Stock
[F2]2026-04-07$3.07/sh−283$869→ 36,734 total - Tax Payment
Common Stock
[F3]2026-04-07$3.07/sh−153$470→ 36,581 total - Exercise/Conversion
Restricted Stock Units
[F4][F5][F6]2026-04-07−66,046→ 132,094 total→ Common Stock (66,046 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7][F8]2026-04-07−524→ 2,098 total→ Common Stock (524 underlying)
Footnotes (8)
- [F1]Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025.
- [F2]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 RSUs granted on March 16, 2023.
- [F3]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 RSUs granted on March 16, 2022.
- [F4]RSUs convert into common stock on a one-for-one basis.
- [F5]Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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, in cash.
- [F6]Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms.
- [F7]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.
- [F8]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 Aparna Chitale|2026-04-09