Summary by Moomoo AI
On 12/30/2024, Douglas T Ahrens, Chief Financial Officer of Virgin Galactic, exercised 1,376 stock options at $0 and subsequently sold 1,197 shares at $6.38 each. The total value of the disposed shares was $7,636.86.The transactions were part of a planned exercise and sale, likely for tax liability purposes. After these transactions, Ahrens' direct ownership in Virgin Galactic common stock stands at 28,528 shares. The exercise of options resulted in no net cost to Ahrens, while the share sale provided immediate liquidity.These transactions, scheduled for 12/30/2024, demonstrate a typical pattern of executive compensation realization and tax management. The relatively small scale of the transactions suggests they are part of routine financial planning rather than a significant shift in the CFO's position in the company.
