Form 4: Virgin Galactic Executive Sells Shares to Cover Tax Obligations

Alistair Burns, SVP and Chief Information Officer of Virgin Galactic, disposed of shares to cover tax obligations arising from the vesting of restricted stock units.

Summary

• On July 29, 2024, Alistair Burns, SVP and Chief Information Officer of Virgin Galactic Holdings, Inc., disposed of 2 shares of common stock to cover tax obligations.
• The shares were withheld by the issuer to cover the reporting person's tax withholding obligation upon the monthly vesting of restricted stock units granted on February 11, 2021.
• The transaction was executed at a price of $7.45 per share.
• Following the transaction, Burns beneficially owns 18,943 shares of Virgin Galactic common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it involves a small number of shares sold to cover tax obligations.

Key Dates