Key facts
- This page summarizes Virgin Investments Ltd's Form 4 filing for Virgin Galactic Holdings, Inc (SPCE).
- 0 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Nov 2023, 16:12.
Virgin Investments Ltd - 01 Nov 2023 Form 4 Insider Report for Virgin Galactic Holdings, Inc (SPCE)
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- SPCE
- Reported as of
- 01 Nov 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Nov 2023, 16:12:31 UTC
- Prior SEC filing
- 03 Apr 2023
- Source filing
- View source filing
- Reporting owner signature
- Virgin Investments Limited By: /s/ James Cahillane, Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Virgin Investments Ltd filed Form 4 for Virgin Galactic Holdings, Inc (SPCE) on 03 Nov 2023.
Change
- Previous filing in this sequence was filed on 03 Apr 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SPCE
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 30,745,494
- Date
- 01 Nov 2023
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Virgin Investments Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On November 1, 2023, Sir Richard Branson transferred all of the ordinary shares of Virgin Group Holdings Limited ("VGHL") to BFT (PTC) Limited ("PTC"), in its capacity as trustee of trusts for the benefit of members of his family and related philanthropic causes. The aggregate beneficial ownership of the securities of the Issuer held by Virgin Investments Limited ("VIL") is unchanged as a result of this transaction. This Form 4 is being filed to report that the Reporting Persons are no longer beneficial owners of 10% or more of the common stock of the Issuer.
Footnote F2
VIL is the record holder of the common stock reported herein, whose sole shareholder is Corvina Holdings Limited ("Corvina"), whose sole shareholder is VGHL. PTC, in its capacity as trustee of trusts for the benefit of members of Sir Richard Branson's family and related philanthropic causes, is the sole holder of voting shares of VGHL. Under the terms of the trusts, BFT CLG (PTC) Limited has certain consent rights with respect to the exercise by PTC of its control over VGHL. Sir Richard Branson indirectly has the ability to control the appointment and removal of the management of VGHL and, as such, he may be deemed to indirectly control the decisions of VGHL, regarding the voting and disposition of securities owned by VGHL. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by VIL.
Footnote F3
In connection with an internal restructuring, Virgin Group Investments LLC ("VGIL") was removed from the corporate group structure. Corvina became the sole shareholder of VIL, and accordingly, VGIL ceased to share beneficial ownership of the securities held by VIL.
SEC remarks
Exhibit List - Exhibit 24 - Power of Attorney