Aparna Chitale - Mar 20, 2025 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role: CPO & EVP, Customer Operations
Signature: /s/ Sarah Kim, Attorney-in-Fact for Aparna Chitale
Stock symbol: SPCE
Transactions as of: Mar 20, 2025
Transactions value $: -$55,223
Form type: 4
Date filed: 3/24/2025, 05:08 PM
Previous filing: Jan 15, 2025
Next filing: Apr 9, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPCE	Common Stock	Options Exercise	$0	+13.5K	+154.48%	$0.00	22.2K	Mar 21, 2025	Direct	F1
transaction	SPCE	Common Stock	Disposed to Issuer	-$55.2K	-13.5K	-60.7%	$4.10	8.72K	Mar 21, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SPCE	Restricted Stock Units	Award	$0	+198K		$0.00	198K	Mar 20, 2025	Common Stock	198K		Direct	F3
transaction	SPCE	Restricted Stock Units	Options Exercise	$0	-13.5K	-50%	$0.00	13.5K	Mar 21, 2025	Common Stock	13.5K		Direct	F4, F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Excludes 1,509 shares underlying performance share units (PSUs) granted on June 9, 2022 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met.
F2	Reflects the cash settlement of previously vested restricted stock units.
F3	Represents an award of restricted stock units, which will vest in three annual installments as follows: 33% of the restricted stock units will vest on the first and second anniversary of the Grant Date and the remaining 34% of the restricted stock units will vest on the third anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	Represents an award of restricted stock units, which vested with respect to 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 21, 2025, and the remaining 50% of the restricted stock units will vest on the second anniversary of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting.
F6	The number of securities reported herein reflects the effects of a 1-for-20 reverse stock split effected by the Issuer on June 14, 2024, which was exempt from reporting pursuant to Rule 16a-9.
F7	Represents only the unvested portion of the restricted stock units granted on March 13, 2024, and does not include restricted stock units with different vesting terms.