Katharina G. Mcfarland - 11 Apr 2022 Form 4 Insider Report for Virgin Orbit Holdings, Inc. (VORB)

Role
Director
Signature
/s/ Derrick Boston, Attorney-in-fact
Issuer symbol
VORB
Transactions as of
11 Apr 2022
Transactions value $
$0
Form type
4
Filing time
05 May 2022, 21:36:58
Previous filing
03 Jan 2022
Next filing
09 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VORB Common stock Award $0 +8.11K $0.00 8.11K 11 Apr 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units, which vests as to one-third of the shares subject to the award on each anniversary of December 29, 2021 (the closing date of the Issuer's SPAC Merger), subject to continued service through applicable vesting date. The restricted stock units will be settled in shares of the Issuer's common stock upon vesting.