Form 4: Virgin Galactic Exec Sells Shares for Tax Obligation

Virgin Galactic's EVP, CLO & Corporate Secretary, Sarah E. Kim, disposed of 42 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Sarah E. Kim, Executive Vice President, Chief Legal Officer & Corporate Secretary of Virgin Galactic Holdings, Inc. (SPCE), reported a transaction.
• On December 16, 2025, 42 shares of common stock were disposed of.
• This disposal was a 'tax withholding' transaction (Transaction Code F) at a price of $3.02 per share.
• The shares were withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of restricted stock units.
• The restricted stock units were originally granted on December 5, 2022.
• Following this transaction, Sarah E. Kim directly beneficially owns 7,025 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event for executive compensation and does not reflect a discretionary sale or purchase, thus having a neutral impact on company sentiment.

Positives

• The vesting of restricted stock units for an executive indicates the company's compensation and retention mechanisms are functioning as intended.

Negatives

• A minor reduction in the direct beneficial ownership by an executive due to a routine tax withholding event.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal due to the small number of shares involved and the routine nature of the transaction.
• Employees: This transaction reflects standard executive compensation practices, indicating the vesting of previously granted equity awards.

Key Dates

Recommendation

This Form 4 reports a routine tax withholding transaction by an executive upon the vesting of restricted stock units. It is not a discretionary sale or purchase and involves a very small number of shares (42), thus it provides no new material information to alter an investment thesis for Virgin Galactic Holdings, Inc. The event is neutral and does not warrant a change in current investment posture.

Keywords

Virgin Galactic, SPCE, Form 4, Insider Transaction, Executive Compensation, Tax Withholding, Stock Sale, Sarah E. Kim