SPCE · Virgin Galactic Holdings, Inc
Substantial doubt about the company's ability to continue as a going concern.
“Management's evaluation, which excluded the items that are not within its control (i.e., Revenues, Capital Market Transactions, and Debt Repayment Terms), resulted in the determination that the Company may not have sufficient cash and marketable securities to maintain its planned operations for the next twelve months following the issuance date of the condensed consolidated financial statements and has concluded that there are conditions present in the aggregate that raise substantial doubt about the Company's ability to continue as a going concern pursuant to ASC 205-40. The plans discussed above are subject to market conditions and, while management intends to apply its best efforts to the execution of these plans, they are not fully within the Company's control and therefore cannot be deemed to be probable in accordance with ASC 205-40, and as a result, management has concluded that its plans do not alleviate substantial doubt about the Company's ability to continue as a going concern for twelve months after the date that the condensed consolidated financial statements are issued.”View the 10-Q filed Aug 12, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-06-29 | Ahrens Douglas T |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of restricted stock units ("RSUs") granted on March 16, 2023. |
Common Stock
|
743 |
| 2026-06-29 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↑
|
Common Stock
|
525 |
| 2026-06-29 | Colglazier Michael A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of restricted stock units ("RSUs") granted on March 16, 2023. |
Common Stock
|
1,227 |
| 2026-06-29 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
525 |
| 2026-06-29 | Ahrens Douglas T |
Chief Financial Officer |
Convert↑
|
Common Stock
|
1,377 |
| 2026-06-29 | Ahrens Douglas T |
Chief Financial Officer |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
1,377 |
| 2026-06-29 | Colglazier Michael A |
Director |
Convert↑
|
Common Stock
|
2,273 |
| 2026-06-29 | Colglazier Michael A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
2,273 |
| 2026-06-29 | Chitale Aparna |
CPO & EVP, Customer Operations |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of restricted stock units ("RSUs") granted on March 16, 2023. |
Common Stock
|
284 |
| 2026-06-15 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the vesting of restricted stock units granted on December 5, 2022. |
Common Stock
|
41 |
| 2026-06-11 | Mabus Raymond E |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. |
Common Stock
|
25,306 |
| 2026-06-11 | Kreeger Craig S |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. The reported balance was adjusted by one share due to a rounding correction. |
Common Stock
|
21,816 |
| 2026-06-11 | Sigur Wanda A |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. The reported balance was adjusted by two shares due to a rounding correction. |
Common Stock
|
21,816 |
| 2026-06-11 | West W Gilbert |
Sr. EVP & COO |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. The reported balance was adjusted by one share due to a rounding correction. |
Common Stock
|
21,816 |
| 2026-06-11 | Jonas Tina W |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. The reported balance was adjusted by two shares due to a rounding correction. |
Common Stock
|
21,816 |
| 2026-06-11 | Strandberg Diana S. |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. |
Common Stock
|
21,816 |
| 2026-06-11 | Arcangeli Henio R Jr |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting. |
Common Stock
|
21,816 |
| 2026-05-19 | Strandberg Diana S. |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The price reported in Column 4 is a weighted average price. The shares reported in this Form 4 were purchased in separate transactions at prices ranging from $2.485 to $2.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the price range set forth in this footnote. |
Common Stock
|
20,000 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
151,619 |
| 2026-04-07 | Colglazier Michael A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
275,672 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↑
|
Common Stock
|
524 |
| 2026-04-07 | Colglazier Michael A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2023. |
Common Stock
|
1,227 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2023. |
Common Stock
|
283 |
| 2026-04-07 | Colglazier Michael A |
Director |
Convert↑
|
Common Stock
|
2,273 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
524 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2022. |
Common Stock
|
459 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
66,046 |
| 2026-04-07 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 20, 2025, which vested with respect to 1/3 of the RSUs on March 20, 2026; and thereafter 1/3 of the RSUs will vest on the second anniversary of the Grant Date; and the remaining 1/3 of the RSUs will vest on the third anniversary of the Grant Date, in each case 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. Represents only the unvested portion of the RSUs granted on March 20, 2025, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
55,594 |
| 2026-04-07 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Convert↑
|
Common Stock
|
55,594 |
| 2026-04-07 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025. |
Common Stock
|
28,781 |
| 2026-04-07 | Colglazier Michael A |
Director |
Convert↑
|
Common Stock
|
275,672 |
| 2026-04-07 | Colglazier Michael A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 17, 2022. |
Common Stock
|
799 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
1,377 |
| 2026-04-07 | Colglazier Michael A |
Director |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025. |
Common Stock
|
148,726 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025. |
Common Stock
|
81,799 |
| 2026-04-07 | Colglazier Michael A |
Director |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
RSUs convert into common stock on a one-for-one basis. Represents an award of RSUs granted on March 16, 2023, which vested with respect to 25% of the RSUs on March 16, 2024, and the remaining 75% of the RSUs will vest in 12 quarterly installments thereafter, beginning June 16, 2024, 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, cash, upon vesting. Represents only the unvested portion of the RSUs granted on March 16, 2023, and does not include RSUs with different vesting terms. |
Restricted Stock Units
|
2,273 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the numbers of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the annual vesting of restricted stock units ("RSUs") granted on March 20, 2025. |
Common Stock
|
35,632 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↑
|
Common Stock
|
66,046 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2023. |
Common Stock
|
743 |
| 2026-04-07 | Chitale Aparna |
CPO & EVP, Customer Operations |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the quarterly vesting of RSUs granted on March 16, 2022. |
Common Stock
|
153 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Convert↑
|
Common Stock
|
1,377 |
| 2026-04-07 | Ahrens Douglas T |
Chief Financial Officer |
Convert↑
|
Common Stock
|
151,619 |
| 2026-03-24 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Tax↓
Filing footnotes — Common Stock (Direct)
Represents the number of shares of common stock withheld by the Issuer to cover the Reporting Person's tax withholding obligation upon the vesting of restricted stock units granted on December 5, 2022. |
Common Stock
|
17 |
| 2026-03-19 | Chitale Aparna |
CPO & EVP, Customer Operations |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
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. |
Restricted Stock Units
|
285,434 |
| 2026-03-19 | Ahrens Douglas T |
Chief Financial Officer |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
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. |
Restricted Stock Units
|
649,607 |
| 2026-03-19 | Colglazier Michael A |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
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. |
Restricted Stock Units
|
1,181,103 |
| 2026-03-19 | Kim Sarah E |
EVP, CLO & Corporate Secretary |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
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. |
Restricted Stock Units
|
238,189 |
| 2026-03-16 | Chitale Aparna |
CPO & EVP, Customer Operations |
Convert↓
Filing footnotes — Restricted Stock Units (Direct)
Restricted stock units convert into common stock on a one-for-one basis. Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting. |
Restricted Stock Units
|
13,470 |
| 2026-03-16 | Ahrens Douglas T |
Chief Financial Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Reflects the cash settlement of previously vested restricted stock units. |
Common Stock
|
35,560 |
| 2026-03-16 | Ahrens Douglas T |
Chief Financial Officer |
Convert↑
Filing footnotes — Common Stock (Direct)
Excludes 7,342 shares underlying performance share units granted on March 16, 2023 (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. |
Common Stock
|
35,560 |