Summary by Futu AI
On 12/30/2024, Virgin Galactic's CEO and President, Michael A Colglazier, engaged in multiple stock transactions. Colglazier acquired 2,272 shares of Common Stock at $0 through the exercise of derivative securities. Subsequently, he disposed of 2,019 shares at $6.38 per share, totaling $12,881.22, to cover tax liabilities.Following these transactions, Colglazier directly owns 40,351 shares of Virgin Galactic. Additionally, he indirectly holds 19,276 shares through various family trusts: 15,892 shares in a Family Revocable Trust, and 1,692 shares each in trusts for two sons.These transactions, part of a pre-arranged plan, reflect standard executive compensation practices and tax management strategies. The net increase in Colglazier's direct holdings suggests continued alignment with shareholder interests.