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.
Summary
- On August 12, 2024, Michael Colglazier, CEO and President of Virgin Galactic Holdings, Inc., reported a transaction involving common stock.
- 841 shares of common stock were disposed of to cover tax withholding obligations upon the quarterly vesting of restricted stock units.
- The price per share for the transaction was $6.14.
- Following the transaction, Colglazier directly owns 40,062 shares of common stock.
- Colglazier also indirectly owns 15,892 shares through a Family Revocable Trust and 1,692 shares each through a Family Trust for Son 1 and a Family Trust for Son 2.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to track management's sentiment and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 07/20/2020 | Date of grant for restricted stock units. |
| 08/12/2024 | Date of stock transaction. |
| 08/14/2024 | Date of signature for the report. |
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.