Form 4: Virgin Galactic Executive Disposes of Shares for Tax Obligations

Virgin Galactic Holdings, Inc. EVP, CLO & Corporate Secretary Sarah E. Kim reported the disposition of 26 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Sarah E. Kim, the Executive Vice President, Chief Legal Officer, and Corporate Secretary of Virgin Galactic Holdings, Inc. (SPCE), filed a Form 4 reporting a transaction on June 16, 2025.
• The transaction involved the disposition of 26 shares of Virgin Galactic common stock.
• These shares were withheld by the Issuer (Virgin Galactic) to satisfy the reporting person's tax withholding obligation.
• The tax obligation arose from the vesting of Restricted Stock Units (RSUs) that were originally granted on December 5, 2022.
• Following this transaction, Sarah E. Kim directly beneficially owns 7,094 shares of Virgin Galactic common stock.

Sentiment

Score: 5

Explanation: This is a routine tax-related transaction and does not indicate positive or negative sentiment about the company's performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction, specifically the disposition of shares to cover tax obligations upon the vesting of Restricted Stock Units. Such transactions are common for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning within the aerospace or space tourism sectors.

Stakeholder Impact

• Shareholders: Minimal to no direct impact, as this is a small, routine transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Keywords

Virgin Galactic, SPCE, Sarah E. Kim, Form 4, SEC filing, insider transaction, stock disposition, RSU vesting, tax withholding