Form 4: Virgin Galactic SVP, Chief Information Officer Alistair Burns Reports Acquisition and Disposal of Shares

Alistair Burns, SVP, Chief Information Officer of Virgin Galactic Holdings, Inc., reports the acquisition of 20,000 shares of common stock and disposal of 38,937 shares.

Summary

• On August 28, 2024, Alistair Burns, SVP, Chief Information Officer of Virgin Galactic Holdings, Inc., reported transactions involving the company's common stock.
• Burns acquired 20,000 shares of common stock through an award of restricted stock units (RSUs).
• These RSUs will fully vest on the second anniversary of the grant date, contingent upon continued service.
• The RSUs will be settled in shares of Virgin Galactic's common stock upon vesting.
• Burns also disposed of 38,937 shares.
• Following these transactions, Burns beneficially owns 38,937 shares of Virgin Galactic.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an insider. The acquisition of RSUs is generally a positive sign, but the disposal of shares offsets this.

Future Outlook

The restricted stock units will be settled in shares of the Issuer's common stock upon vesting on the second anniversary of the grant date, subject to the Reporting Person's continued service through the vesting date.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's view of the company's prospects.

Key Dates