Form 4: Virgin Galactic Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sarah E. Kim, EVP, CLO & Secretary of Virgin Galactic Holdings, Inc., sold shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On March 25, 2024, Sarah E. Kim, EVP, CLO & Secretary of Virgin Galactic Holdings, Inc., disposed of 2,810 shares of common stock to cover tax obligations.
- The shares were sold at a price of $1.38 per share.
- Following the transaction, Kim directly owns 196,763 shares of Virgin Galactic Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment. It's neither particularly positive nor negative for the company's outlook.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 12/05/2022 | Date of grant for the restricted stock units that vested. |
| 03/25/2024 | Date of the transaction (stock sale). |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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