Chitale Aparna 4

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.