Richard Branson sells over $150 million in Virgin Galactic inventory
Richard Branson, Founding father of Virgin Galactic (C) poses subsequent to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Commerce Bell to commemorate the corporate’s first day of buying and selling on the New York Inventory Alternate on October 28, 2019.
Johannes Eisele | AFP | Getty Photographs
Sir Richard Branson, the founding father of Virgin Galactic who helped take the corporate public in 2019, offered greater than $150 million price of the corporate’s inventory over the previous three days, a securities submitting on Wednesday revealed.
Branson, and 4 entities he controls together with Virgin Group, offered 5,584,000 shares of Virgin Galactic between April 12 and 14. The shares have been price $150.three million, offered at costs between $26.85 and $28.73.
Virgin Galactic didn’t instantly reply to CNBC’s requests for remark. Virgin shares closed Wednesday at $26.68 up 12% for the 12 months.
Branson’s sale comes a month after Virgin Galactic Chairman Chamath Palihapitiya sold his remaining personal stake in the company….