Ahrens Douglas T 4
4 · Virgin Galactic Holdings, Inc · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Virgin Galactic CFO Douglas Ahrens Receives RSU Award
What Happened
Douglas T. Ahrens, Chief Financial Officer of Virgin Galactic (SPCE), received an award of 649,607 restricted stock units (RSUs) reported on 2026-03-19. The Form 4 shows the RSUs were acquired at $0.00 (derivative award); no immediate cash changed hands. The ultimate value depends on future settlement and the company’s share price at that time.
Key Details
- Transaction date: 2026-03-19; Form 4 filed 2026-03-23 (filed within the required two business days).
- Transaction type/code: A = Award/Grant (derivative).
- Amount: 649,607 RSUs reported; reported acquisition price $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs vest in three equal annual installments (one‑third each year on the first three anniversaries of the grant), subject to continued service. RSUs may be settled in common stock or, at the issuer’s discretion, in cash.
- No 10b5-1 plan, tax-withholding sale, or immediate cashless exercise/sale is reported.
Context
This was a compensation grant, not an open‑market purchase or sale. RSUs do not convert to actual shares until they vest (and may be settled in cash), so they provide future upside exposure tied to service and company performance rather than immediate insider buying or selling activity.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-19+649,607→ 649,607 total→ Common Stock (649,607 underlying)
Footnotes (1)
- [F1]Represents an award of restricted stock units (the "RSUs"), which will vest in three annual installments as follows: one-third of the RSUs will vest on each of the first three anniversaries of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.