Form 4: Virgin Galactic CEO Michael Colglazier Reports Stock Transaction
SEC Form 4 Filing
CEO Michael Colglazier reports disposition of Virgin Galactic Holdings stock to cover tax obligations from vesting restricted stock units.
Summary
- On January 14, 2025, Michael Colglazier, CEO and President of Virgin Galactic Holdings, Inc., reported a transaction involving the disposition of 241 shares of common stock.
- The shares were withheld by the issuer to cover the reporting person's tax withholding obligations upon the quarterly vesting of restricted stock units granted on March 24, 2021.
- The price per share was $5.47.
- Following the transaction, Colglazier directly owns 40,110 shares of common stock.
- Colglazier also indirectly owns 15,892 shares through a Family Revocable Trust, 1,692 shares through a Family Trust for Son 1, and 1,692 shares through a Family Trust for Son 2.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposition.
Key Dates
| Date | Description |
|---|---|
| 03/24/2021 | Date of grant for restricted stock units. |
| 01/14/2025 | Date of stock transaction (disposition of shares). |
| 01/15/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.