Form 4: Virgin Galactic CEO Michael Colglazier Reports Routine Stock Transactions Related to RSU Vesting

Virgin Galactic Holdings, Inc. CEO and President Michael Colglazier reported the acquisition of common stock through restricted stock unit vesting and subsequent tax-related dispositions.

Summary

• Michael A. Colglazier, CEO and President of Virgin Galactic Holdings, Inc. (SPCE), reported transactions on June 30, 2025, related to the vesting of restricted stock units (RSUs).
• Acquired 2,273 shares of common stock at a price of $0 upon the vesting of RSUs.
• Disposed of 1,225 shares of common stock at $2.86 per share to cover tax withholding obligations from RSUs granted on March 16, 2023.
• Disposed of an additional 797 shares of common stock at $2.86 per share to cover tax withholding obligations from RSUs granted on March 17, 2022.
• Following these transactions, Mr. Colglazier directly beneficially owns 32,494 shares of common stock.
• Indirect beneficial ownership includes 15,892 shares via a Family Revocable Trust, 1,692 shares via a Family Trust for Son 1, and 1,692 shares via a Family Trust for Son 2.
• The RSUs convert into common stock on a one-for-one basis.
• As of the filing, 15,909 unvested RSUs from the March 16, 2023 grant remain, which will vest in 12 quarterly installments starting June 16, 2024, after 25% vested on March 16, 2024.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are neutral events in terms of company performance or outlook.

Positives

• The vesting of restricted stock units indicates the continued compensation and retention of a key executive, Michael Colglazier.
• The acquisition of shares through RSU vesting increases the CEO's direct stake in the company, aligning his interests with shareholders.

Negatives

• A portion of the vested shares was disposed of to cover tax withholding obligations, reducing the net shares acquired by the CEO.

Future Outlook

The remaining 15,909 unvested restricted stock units granted on March 16, 2023, are scheduled to vest in 12 quarterly installments, beginning June 16, 2024, contingent on the Reporting Person's continued service.

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, reflecting routine compensation events for a senior executive. It does not provide insights into broader industry trends but confirms the ongoing compensation structure for Virgin Galactic's leadership.

Stakeholder Impact

• Shareholders: The transactions represent a routine compensation event for the CEO, with a minor impact on the total outstanding shares due to tax withholding. It confirms the CEO's continued equity stake in the company.
• Employees: Reflects standard executive compensation practices, which may set a precedent for other employee equity programs.

Next Steps

• Continued quarterly vesting of the remaining 15,909 restricted stock units granted on March 16, 2023, subject to Michael Colglazier's continued service.

Key Dates

Keywords

Virgin Galactic, SPCE, Michael Colglazier, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Compensation, CEO, Director