Kim Sarah E 4

What Happened Sarah E. Kim, Executive Vice President, Chief Legal Officer & Corporate Secretary of Virgin Galactic Holdings, received an award of 238,189 restricted stock units (RSUs) on March 19, 2026. The grant is reported as a derivative award at an acquisition price of $0.00 (i.e., no cash paid). The RSUs do not represent immediately issued shares and will only convert to shares or cash if and when they vest.

Key Details

• Transaction date and type: 2026-03-19 — Award/Grant (code A) of 238,189 RSUs at $0.00.
• Filing date: Form 4 filed 2026-03-23 (within the typical two-business-day filing window following the transaction).
• Vesting: Per footnote, the RSUs vest in three annual installments — one‑third on each of the first three anniversaries of the grant date — subject to continued service.
• Settlement: The RSUs may be settled in Virgin Galactic common stock or, at the company’s discretion, in cash.
• Shares owned after transaction: Not specified in the supplied filing details.
• Not a purchase or sale: This is a compensation/retention award rather than a market buy or sell.

Context RSU grants are commonly used for compensation and retention; they do not increase an insider’s voting/ownership power until they vest and are settled. Because settlement can be in shares or cash, the eventual dilution (if any) depends on how the company chooses to settle vested RSUs. This award should be read as executive compensation rather than a direct bullish or bearish trading signal.