Virgin Galactic Holdings, Inc — Director's Dealing 2019

Oct 30, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Virgin Galactic Holdings, Inc (SPCE)
CIK: 0001706946
Period of Report: 2019-10-25

Reporting Person: Palihapitiya Chamath (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-25	Common Stock	P	10000000	$10.00	Acquired	10000000	Direct
2019-10-25	Common Stock	C	15750000	—	Acquired	15750000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-25	Class B Ordinary Shares	$	C	17250000	Disposed		Common Stock (15750000)	Indirect
2019-10-25	Warrants	$11.50	A	8000000	Acquired	2024-10-25	Common Stock (8000000)	Indirect

Footnotes

F1: Upon the completion of the initial business combination, the Class B Ordinary Shares held of record by SCH Sponsor Corp. were automatically converted into 15,750,000 shares of the Issuer's Common Stock.

F2: Represents securities held of record by SCH Sponsor Corp. The Reporting Person and Ian Osborne may be deemed to beneficially own shares held by SCH Sponsor Corp. by virtue of their shared control over SCH Sponsor Corp. Each of Messrs. Palihapitiya and Osborne disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein, if any.

F3: On September 13, 2017, Social Capital Hedosophia Holdings Corp. ("SCH") effected a pro rata share capitalization resulting in an increase in the total number of Class B Ordinary Shares outstanding from 14,375,000 to 17,250,000 in order to maintain the ownership of Class B Ordinary Shares by the Sponsor at 20% of the issued and outstanding ordinary shares of SCH upon consummation of its initial public offering.