Enrico Liberato Palermo

SPCE

COO AND PRESIDENT, TSC, LLC · VIRGIN GALACTIC HOLDINGS, INC · CIK 0001789190

FILING MIX · LIFETIME85%/15%

BUYS

SELLS

TOTAL VALUE

$268.9K

COMPANIES

ACTIVE SINCE

Dec 2019

HOLDINGS NOW

410,861

AVG SELL PX

$19.75

Trades · vs SPY

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Performance · forward returns vs SPY

6 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Enrico Liberato Palermo, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	6	+0.00%	-12.45%	+2.17%	-14.61%	-14.61%	—
14d	6	+50.00%	-6.05%	+4.28%	-10.34%	-10.34%	—
30d	6	+0.00%	-11.15%	+7.90%	-19.06%	-19.06%	—
60d	6	+50.00%	+6.60%	+10.01%	-3.41%	-3.41%	—
90d	6	+50.00%	+6.74%	+17.08%	-10.34%	-10.34%	—
180d	6	+50.00%	+13.50%	+23.00%	-9.51%	-9.51%	—
1y	6	+50.00%	-2.35%	+46.21%	-48.56%	-48.56%	—
2y	6	+0.00%	-65.57%	+41.68%	-107.24%	-107.24%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

SPCE · 410,861 shares · as of Nov 25, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2019

2020

FLOW · 11 buys / 2 sellsCOVERAGE · 5 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
SPCE VIRGIN GALACTIC HOLDINGS, INC	SALE Former COO & Pres., TSC, LLC	1,003	$27.10	$27.2K	410,861	Nov 25, 2020	Dec 22, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	SALE COO and President, TSC, LLC	12,032	$19.14	$230.3K	411,864	Oct 25, 2020	Oct 27, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASEGRANT Stock grant	229,172	—	—	229,172	Oct 25, 2020	Oct 27, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASEGRANT Stock grant	229,171	—	—	423,896	Oct 25, 2020	Oct 27, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO and President, TSC, LLC	300	$16.01	$4.8K	194,725	May 14, 2020	May 14, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO and President, TSC, LLC	25	$15.90	$397	50	May 14, 2020	May 14, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO and President, TSC, LLC	25	$15.95	$399	50	May 14, 2020	May 14, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO	25	$19.39	$485	25	May 11, 2020	May 11, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO	250	$19.42	$4.9K	194,425	May 11, 2020	May 11, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASE COO	25	$19.39	$485	25	May 11, 2020	May 11, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASEGRANT Stock grant	55,000	—	—	194,175	Jan 13, 2020	Jan 15, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASEGRANT Stock grant	145,828	—	—	145,828	Jan 13, 2020	Jan 15, 2020 ↗
SPCE VIRGIN GALACTIC HOLDINGS, INC	PURCHASEGRANT Stock grant	139,175	—	—	139,175	Dec 30, 2019	Jan 2, 2020 ↗

Other insiders · SPCE

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About this filer

CIK 0001789190

ROLE

COO and President, TSC, LLC

PRIMARY

SPCE

COMPANIES

ACTIVE SINCE

Dec 2019

MARKETPEEL · /INSIDER/0001789190DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Enrico Liberato Palermo

The morning brief, before the bell.