Anthony J. Gingiss - 24 Feb 2023 Form 4 Insider Report for Virgin Orbit Holdings, Inc. (VORB)

Role
Chief Operating Officer
Signature
/s/ Derrick Boston, Attorney-in-fact
Issuer symbol
VORB
Transactions as of
24 Feb 2023
Transactions value $
-$16,483
Form type
4
Filing time
28 Feb 2023, 16:32:07 UTC
Previous filing
01 Aug 2022
Next filing
14 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VORB Common stock Tax liability -$16.5K -12.5K -12.49% $1.32* 87.5K 24 Feb 2023 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 25% of the shares subject to the award on each six-month anniversary of July 28, 2022, 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.