{"transactions":[{"id":1581467,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2024-03-13T01:20:33.000Z","date":"2024-03-08","kind":"grant","planned":false,"acquired":true,"shares":1077195,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"shares","element":"transactionShares","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"shares","element":"transactionShares","label":"F8","text":"Reflects the acquisition of Warrants by Corvina in connection with the distribution described in footnotes 1 and 7 above."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"price","element":"transactionPricePerShare","label":"F8","text":"Reflects the acquisition of Warrants by Corvina in connection with the distribution described in footnotes 1 and 7 above."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F9","text":"Consists of 1,077,195 shares of Class A Common Stock underlying 5,385,977 warrants owned of record by Corvina."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings LTD (\"VGHL\"). BFT (PTC) Limited (\"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. 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 held by VGHL. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina."}],"balance_after":1077195,"derivative":{"exercise_price":57.5,"exercise_date":"2022-07-16","expiration_date":"2027-06-16","underlying":"Class A Common Stock","underlying_shares":1077195},"source":{"system":"sec-edgar","filing":"0000950103-24-003749","document":"dp208284_4-virgrove.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010324003749/dp208284_4-virgrove.xml","form_type":"4"}},{"id":1581466,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2024-03-13T01:20:33.000Z","date":"2024-03-08","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":1300412,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"shares","element":"transactionShares","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"shares","element":"transactionShares","label":"F7","text":"Reflects the distribution of Warrants to members of Sponsor."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"price","element":"transactionPricePerShare","label":"F7","text":"Reflects the distribution of Warrants to members of Sponsor."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings LTD (\"VGHL\"). BFT (PTC) Limited (\"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. 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 held by VGHL. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina."}],"balance_after":0,"derivative":{"exercise_price":57.5,"exercise_date":"2022-07-16","expiration_date":"2027-06-16","underlying":"Class A Common Stock","underlying_shares":1300412},"source":{"system":"sec-edgar","filing":"0000950103-24-003749","document":"dp208284_4-virgrove.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010324003749/dp208284_4-virgrove.xml","form_type":"4"}},{"id":1581465,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2024-03-13T01:20:33.000Z","date":"2024-03-08","kind":"grant","planned":false,"acquired":true,"shares":236526,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"kind","element":"transactionCoding","label":"F3","text":"Reflects the acquisition of Shares by Corvina in connection with the distribution described in footnotes 1 and 2 above."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Reflects the acquisition of Shares by Corvina in connection with the distribution described in footnotes 1 and 2 above."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Consists of (i) 1,149,320 Shares owned of record by Sponsor and (ii) 2,775,867 Shares owned of record by Corvina."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings LTD (\"VGHL\"). BFT (PTC) Limited (\"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. 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 held by VGHL. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina."}],"balance_after":3925187,"source":{"system":"sec-edgar","filing":"0000950103-24-003749","document":"dp208284_4-virgrove.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010324003749/dp208284_4-virgrove.xml","form_type":"4"}},{"id":1581464,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2024-03-13T01:20:33.000Z","date":"2024-03-08","kind":"disposition_to_issuer","planned":false,"acquired":false,"shares":845180,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On March 8, 2024, Virgin Group Acquisition Sponsor II LLC (\"Sponsor\") distributed to its members, including to Corvina Holdings Limited (\"Corvina\"), shares of Class A Common Stock, par value $0.0001 per share (the \"Shares\"), in Grove Collaborative Holdings, Inc. (\"Issuer\") and private placement warrants exercisable for Shares (\"Warrants\")."},{"field":"kind","element":"transactionCoding","label":"F2","text":"Reflects the distribution of Shares to members of Sponsor."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings LTD (\"VGHL\"). BFT (PTC) Limited (\"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. 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 held by VGHL. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina."}],"balance_after":3688661,"source":{"system":"sec-edgar","filing":"0000950103-24-003749","document":"dp208284_4-virgrove.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010324003749/dp208284_4-virgrove.xml","form_type":"4"}},{"id":1932185,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"12.0% Senior Secured Convertible Note","published_at":"2023-04-03T19:57:56.000Z","date":"2023-03-30","kind":"purchase","planned":false,"acquired":true,"price":10900000,"reported_value":10900000,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On March 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.9 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\")."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F6","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"date","element":"transactionDate","label":"F2","text":"On March 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.9 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"date","element":"transactionDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"date","element":"transactionDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\")."},{"field":"date","element":"transactionDate","label":"F5","text":"In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"date","element":"transactionDate","label":"F6","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"On March 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.9 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"reported_value","element":"transactionTotalValue","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\")."},{"field":"reported_value","element":"transactionTotalValue","label":"F5","text":"In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F6","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On March 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.9 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\")."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F6","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On March 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.9 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\")."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F7","text":"Represents the date of maturity (the \"Maturity Date\"), unless earlier repurchased, converted or redeemed in accordance with its terms prior to such date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Initially, a maximum of 3,766,413 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F8","text":"Initially, a maximum of 3,766,413 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."}],"balance_after":3766413,"derivative":{"exercise_price":2.894,"exercise_date":"2024-10-15","expiration_date":"2024-11-04","underlying":"Common Stock","underlying_shares":3766413},"source":{"system":"sec-edgar","filing":"0000950103-23-005295","document":"dp191777_4-viltd.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000095010323005295/dp191777_4-viltd.xml","form_type":"4"}},{"id":1979157,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"12.0% Senior Secured Convertible Note","published_at":"2023-03-02T20:20:13.000Z","date":"2023-02-28","kind":"purchase","acquired":true,"price":5000000,"reported_value":5000000,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On February 28, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $5.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note. Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note),"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\"). VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"date","element":"transactionDate","label":"F2","text":"On February 28, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $5.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note. Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note),"},{"field":"date","element":"transactionDate","label":"F3","text":"Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\"). VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the"},{"field":"date","element":"transactionDate","label":"F4","text":"Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"date","element":"transactionDate","label":"F5","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"On February 28, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $5.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note. Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note),"},{"field":"reported_value","element":"transactionTotalValue","label":"F3","text":"Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\"). VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the"},{"field":"reported_value","element":"transactionTotalValue","label":"F4","text":"Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F5","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On February 28, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $5.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note. Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note),"},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\"). VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the"},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On February 28, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $5.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note. Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note),"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\"). VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer, or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (the \"Redemption Price\") upon prior written notice provided in accordance with the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"VIL may also require the Company to redeem for cash all or any portion of the Convertible Note at the Redemption Price upon prior written notice provided in accordance with the Convertible Note. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"Represents the date of maturity (the \"Maturity Date\"), unless earlier repurchased, converted or redeemed in accordance with its terms prior to such date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Initially, a maximum of 1,727,712 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F7","text":"Initially, a maximum of 1,727,712 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."}],"balance_after":1727712,"derivative":{"exercise_price":2.894,"exercise_date":"2024-10-15","expiration_date":"2024-11-04","underlying":"Common Stock","underlying_shares":1727712},"source":{"system":"sec-edgar","filing":"0000950103-23-003623","document":"dp190093_4-viltd.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000095010323003623/dp190093_4-viltd.xml","form_type":"4"}},{"id":2038405,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"12.0% Senior Secured Convertible Note","published_at":"2023-02-01T16:23:30.000Z","date":"2023-01-30","kind":"purchase","acquired":true,"price":10000000,"reported_value":10000000,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On January 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"date","element":"transactionDate","label":"F2","text":"On January 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"date","element":"transactionDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"date","element":"transactionDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"date","element":"transactionDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"On January 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"reported_value","element":"transactionTotalValue","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"reported_value","element":"transactionTotalValue","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On January 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On January 30, 2023, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $10.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"Represents the date of maturity (the \"Maturity Date\"), unless earlier repurchased, converted or redeemed in accordance with its terms prior to such date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Initially, a maximum of 3,455,425 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F7","text":"Initially, a maximum of 3,455,425 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."}],"balance_after":3455425,"derivative":{"exercise_price":2.894,"exercise_date":"2024-10-15","expiration_date":"2024-11-04","underlying":"Common Stock","underlying_shares":3455425},"source":{"system":"sec-edgar","filing":"0000950103-23-001639","document":"dp188079_4-viltd.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000095010323001639/dp188079_4-viltd.xml","form_type":"4"}},{"id":2079623,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"6.0% Senior Secured Convertible Note","published_at":"2022-12-20T16:43:43.000Z","date":"2022-12-19","kind":"purchase","acquired":true,"price":20000000,"reported_value":20000000,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On December 19, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $20.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"date","element":"transactionDate","label":"F2","text":"On December 19, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $20.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"date","element":"transactionDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"date","element":"transactionDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"date","element":"transactionDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"On December 19, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $20.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"reported_value","element":"transactionTotalValue","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"reported_value","element":"transactionTotalValue","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On December 19, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $20.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On December 19, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior secured convertible note (the \"Convertible Note\") in the principal amount of $20.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Subject to any limitations under the rules of the Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of the Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"Represents the date of maturity (the \"Maturity Date\"), unless earlier repurchased, converted or redeemed in accordance with its terms prior to such date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Initially, a maximum of 6,910,850 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F7","text":"Initially, a maximum of 6,910,850 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."}],"balance_after":6910850,"derivative":{"exercise_price":2.894,"exercise_date":"2024-10-15","expiration_date":"2024-11-04","underlying":"Common Stock","underlying_shares":6910850},"source":{"system":"sec-edgar","filing":"0000950103-22-021227","document":"dp185832_4-virgin.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000095010322021227/dp185832_4-virgin.xml","form_type":"4"}},{"id":2122147,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"6.0% Senior Unsecured Convertible Note","published_at":"2022-11-08T19:03:19.000Z","date":"2022-11-04","kind":"purchase","acquired":true,"price":25000000,"reported_value":25000000,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"On November 4, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior unsecured convertible note (the \"Convertible Note\") in the principal amount of $25.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"Subject to any limitations under the rules of Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F6","text":"The Convertible Note is not freely transferable without written consent in whole or in part until the one-year anniversary of the issuance date unless a default under the Convertible Note has occurred and is continuing. On or after such anniversary, the Convertible Note will be freely transferable in whole or in part by VIL, subject to any restrictions under the Securities Act of 1933, as amended."},{"field":"date","element":"transactionDate","label":"F2","text":"On November 4, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior unsecured convertible note (the \"Convertible Note\") in the principal amount of $25.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"date","element":"transactionDate","label":"F3","text":"Subject to any limitations under the rules of Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"date","element":"transactionDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"date","element":"transactionDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"date","element":"transactionDate","label":"F6","text":"The Convertible Note is not freely transferable without written consent in whole or in part until the one-year anniversary of the issuance date unless a default under the Convertible Note has occurred and is continuing. On or after such anniversary, the Convertible Note will be freely transferable in whole or in part by VIL, subject to any restrictions under the Securities Act of 1933, as amended."},{"field":"reported_value","element":"transactionTotalValue","label":"F2","text":"On November 4, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior unsecured convertible note (the \"Convertible Note\") in the principal amount of $25.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"reported_value","element":"transactionTotalValue","label":"F3","text":"Subject to any limitations under the rules of Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"reported_value","element":"transactionTotalValue","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"reported_value","element":"transactionTotalValue","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"reported_value","element":"transactionTotalValue","label":"F6","text":"The Convertible Note is not freely transferable without written consent in whole or in part until the one-year anniversary of the issuance date unless a default under the Convertible Note has occurred and is continuing. On or after such anniversary, the Convertible Note will be freely transferable in whole or in part by VIL, subject to any restrictions under the Securities Act of 1933, as amended."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On November 4, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior unsecured convertible note (the \"Convertible Note\") in the principal amount of $25.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Subject to any limitations under the rules of Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"price","element":"transactionPricePerShare","label":"F6","text":"The Convertible Note is not freely transferable without written consent in whole or in part until the one-year anniversary of the issuance date unless a default under the Convertible Note has occurred and is continuing. On or after such anniversary, the Convertible Note will be freely transferable in whole or in part by VIL, subject to any restrictions under the Securities Act of 1933, as amended."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"On November 4, 2022, Virgin Orbit Holdings, Inc. (\"Issuer\") sold and issued to VIL a senior unsecured convertible note (the \"Convertible Note\") in the principal amount of $25.0 million, which is convertible into shares of Issuer's common stock, par value $0.0001 per share (the \"Common Stock\") or other Qualified Securities (as defined below), subject to certain conditions and limitations set forth in the Convertible Note."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F3","text":"Subject to any limitations under the rules of Nasdaq Stock Market, the Convertible Note will automatically convert into Qualified Securities (as defined below) at a conversion price equal to the purchase price paid by investors in the relevant Qualified Financing (as defined below) if, prior to the earliest to occur of the Maturity Date (as defined below), any Fundamental Change Effective Date and the effective date of any Merger Event (each as defined in the Convertible Note), Issuer consummates a bona fide third-party financing of the Common Stock or securities convertible into or exchangeable for Common Stock for gross cash proceeds of at least $50.0 million in one or more related and substantially similar and simultaneous transactions at the same price (a \"Qualified Financing\" and the securities sold in such Qualified Financing, the \"Qualified Securities\")."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"VIL will have the option to convert all or a portion of the Convertible Note in accordance with such terms in a financing by the Issuer that would have been a Qualified Financing but for the gross cash proceeds in such financing being less than $50.0 million, with such conversion effected as described above as if such financing were a Qualified Financing. Additionally, on or after October 15, 2024, VIL has the right to convert all or any portion of the Convertible Note into shares of Common Stock at an initial conversion rate of 345.5425 shares of Common Stock per $1,000 principal amount of the Convertible Note (subject to adjustments as provided in the Convertible Note, the \"Fixed Conversion Rate\"). In the event of a Fundamental Change, a Merger Event (each as defined in the Convertible Note) or a redemption of the Convertible Note by the Issuer,"},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"or if any automatic conversion in connection with a Qualified Financing would be subject to limitations set forth in the relevant rules of Nasdaq Stock Market, VIL has the right to convert the Convertible Note at the Fixed Conversion Rate. Prior to the Maturity Date, the Issuer may redeem all or part of the Convertible Note for cash at a redemption price equal to 100% of the principal amount of the Convertible Note to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Issuer undergoes a Fundamental Change (as defined in the Convertible Note), then, subject to certain conditions, VIL may require the Issuer to repurchase for cash all or any portion of the Convertible Note at a fundamental change repurchase price equal to 100% of the principal amount of the Convertible Note to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The Convertible Note is not freely transferable without written consent in whole or in part until the one-year anniversary of the issuance date unless a default under the Convertible Note has occurred and is continuing. On or after such anniversary, the Convertible Note will be freely transferable in whole or in part by VIL, subject to any restrictions under the Securities Act of 1933, as amended."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F7","text":"Represents the date of maturity (the \"Maturity Date\"), unless earlier repurchased, converted or redeemed in accordance with its terms prior to such date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Initially, a maximum of 8,638,563 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F8","text":"Initially, a maximum of 8,638,563 shares of the Common Stock may be issued upon conversion of the Convertible Note based on the Fixed Conversion Rate, subject to adjustment provisions included in the Convertible Note. The Convertible Note is not currently convertible and will be convertible prior to October 15, 2024 only upon the satisfaction of certain conditions and during certain periods."}],"balance_after":8638563,"derivative":{"exercise_price":2.894,"exercise_date":"2024-10-15","expiration_date":"2024-11-04","underlying":"Common Stock","underlying_shares":8638563},"source":{"system":"sec-edgar","filing":"0000950103-22-019411","document":"dp184057_4-virgin.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000095010322019411/dp184057_4-virgin.xml","form_type":"4"}},{"id":2169089,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-01T22:35:50.000Z","date":"2022-08-30","kind":"purchase","acquired":true,"shares":3275182,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On August 30, 2022, pursuant to the subscription agreement by and between Corvina Holdings Limited (\"Corvina\") and Grove Collaborative, Inc., a Delaware public benefit corporation (\"Old Grove\") dated March 31, 2022 (\"Backstop Subscription Agreement\"), the Issuer issued to Corvina 3,275,182 shares of the Issuer's Class A common stock, par value $0.0001 (the \"Common Stock\"). The Backstop Subscription Agreement provided, should the volume weighted average price of the Common Stock be less than $10.00 per share during the 10 trading days commencing on the first trading day after the Issuer's first quarterly earnings call for a fiscal quarter that ends following the closing of the business combination (the \"Measurement Period VWAP\"), that Corvina would be entitled to receive a number of shares of Common Stock equal to the lesser of (i) the product of (x) the sum of"},{"field":"kind","element":"transactionCoding","label":"F2","text":"(1) the shares of Class B common stock of the Issuer issued to Corvina at the closing of the business combination pursuant to the Agreement and Plan of Merger (dated December 7, 2021, as amended and restated on March 31, 2022) as consideration for the shares of Old Grove common stock received by Corvina under the Backstop Subscription Agreement and (2) the shares of Old Grove common stock Corvina agreed to subscribe for and purchase under the Backstop Subscription Agreement (collectively, the \"Post-Combination Backstop Shares\") multiplied by (y) a fraction, (A) the numerator of which is $10.00 (as adjusted for any stock split, reverse stock split or similar adjustment following the closing of the business combination) minus the Measurement Period VWAP and (B) the denominator of which is the Measurement Period VWAP and (ii) the number of Post-Combination Backstop Shares outstanding as of immediately following the closing of the business combination."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On August 30, 2022, pursuant to the subscription agreement by and between Corvina Holdings Limited (\"Corvina\") and Grove Collaborative, Inc., a Delaware public benefit corporation (\"Old Grove\") dated March 31, 2022 (\"Backstop Subscription Agreement\"), the Issuer issued to Corvina 3,275,182 shares of the Issuer's Class A common stock, par value $0.0001 (the \"Common Stock\"). The Backstop Subscription Agreement provided, should the volume weighted average price of the Common Stock be less than $10.00 per share during the 10 trading days commencing on the first trading day after the Issuer's first quarterly earnings call for a fiscal quarter that ends following the closing of the business combination (the \"Measurement Period VWAP\"), that Corvina would be entitled to receive a number of shares of Common Stock equal to the lesser of (i) the product of (x) the sum of"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(1) the shares of Class B common stock of the Issuer issued to Corvina at the closing of the business combination pursuant to the Agreement and Plan of Merger (dated December 7, 2021, as amended and restated on March 31, 2022) as consideration for the shares of Old Grove common stock received by Corvina under the Backstop Subscription Agreement and (2) the shares of Old Grove common stock Corvina agreed to subscribe for and purchase under the Backstop Subscription Agreement (collectively, the \"Post-Combination Backstop Shares\") multiplied by (y) a fraction, (A) the numerator of which is $10.00 (as adjusted for any stock split, reverse stock split or similar adjustment following the closing of the business combination) minus the Measurement Period VWAP and (B) the denominator of which is the Measurement Period VWAP and (ii) the number of Post-Combination Backstop Shares outstanding as of immediately following the closing of the business combination."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"On August 30, 2022, pursuant to the subscription agreement by and between Corvina Holdings Limited (\"Corvina\") and Grove Collaborative, Inc., a Delaware public benefit corporation (\"Old Grove\") dated March 31, 2022 (\"Backstop Subscription Agreement\"), the Issuer issued to Corvina 3,275,182 shares of the Issuer's Class A common stock, par value $0.0001 (the \"Common Stock\"). The Backstop Subscription Agreement provided, should the volume weighted average price of the Common Stock be less than $10.00 per share during the 10 trading days commencing on the first trading day after the Issuer's first quarterly earnings call for a fiscal quarter that ends following the closing of the business combination (the \"Measurement Period VWAP\"), that Corvina would be entitled to receive a number of shares of Common Stock equal to the lesser of (i) the product of (x) the sum of"},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"(1) the shares of Class B common stock of the Issuer issued to Corvina at the closing of the business combination pursuant to the Agreement and Plan of Merger (dated December 7, 2021, as amended and restated on March 31, 2022) as consideration for the shares of Old Grove common stock received by Corvina under the Backstop Subscription Agreement and (2) the shares of Old Grove common stock Corvina agreed to subscribe for and purchase under the Backstop Subscription Agreement (collectively, the \"Post-Combination Backstop Shares\") multiplied by (y) a fraction, (A) the numerator of which is $10.00 (as adjusted for any stock split, reverse stock split or similar adjustment following the closing of the business combination) minus the Measurement Period VWAP and (B) the denominator of which is the Measurement Period VWAP and (ii) the number of Post-Combination Backstop Shares outstanding as of immediately following the closing of the business combination."}],"balance_after":22669206,"source":{"system":"sec-edgar","filing":"0000950103-22-015147","document":"dp179805_4-vgac2llc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322015147/dp179805_4-vgac2llc.xml","form_type":"4"}},{"id":2225597,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"purchase","acquired":true,"shares":6700000,"price":1.5,"value":10050000.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F9","text":"Represents warrants that were converted in connection with the closing of the Transaction to purchase one Share at $11.50 per Share. The warrants were purchased as private placement warrants at $1.50 per Share with an exercise price of $11.50 per Share."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Virgin Group Acquisition Sponsor II LLC, a Cayman Islands limited liability company, is the record holder of these Shares. Corvina Holdings Limited, a British Virgin Islands exempted company (\"Corvina\"), is the sole managing member and manager of Virgin Group Acquisition Sponsor II LLC and holds an economic interest therein. Corvina Holdings Limited is wholly owned by Virgin Group Holdings Limited."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":6700000,"derivative":{"exercise_price":11.5,"exercise_date":"2022-07-16","expiration_date":"2027-06-16","underlying":"Class A Common Stock","underlying_shares":6700000},"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225596,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"purchase","acquired":true,"shares":3875028,"price":0.01,"value":38750.28,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Acquired through private placement transaction. In addition to the Shares, the Reporting Person acquired the private placement warrants, each exercisable to purchase one Share at $0.01 per Share."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F6","text":"Corvina Holdings Limited is the record holder of these Shares."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":3875028,"derivative":{"exercise_price":0.01,"exercise_date":"2022-06-16","expiration_date":"2027-06-16","underlying":"Class A Common Stock","underlying_shares":3875028},"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225595,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Ordinary Shares","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"exercise","acquired":false,"shares":10062500,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Virgin Group Acquisition Sponsor II LLC, a Cayman Islands limited liability company, is the record holder of these Shares. Corvina Holdings Limited, a British Virgin Islands exempted company (\"Corvina\"), is the sole managing member and manager of Virgin Group Acquisition Sponsor II LLC and holds an economic interest therein. Corvina Holdings Limited is wholly owned by Virgin Group Holdings Limited."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":0,"derivative":{"underlying":"Class A Common Stock","underlying_shares":9972500},"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225594,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"purchase","acquired":true,"shares":5000000,"price":10,"value":50000000.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F4","text":"Acquired through private placement transaction."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F6","text":"Corvina Holdings Limited is the record holder of these Shares."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":19394024,"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225593,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"purchase","acquired":true,"shares":1671524,"price":10,"value":16715240.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F3","text":"Acquired through private placement transaction. In addition to the Shares, the Reporting Person acquired the private placement warrants, each exercisable to purchase one Share at $0.01 per Share."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F6","text":"Corvina Holdings Limited is the record holder of these Shares."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":14394024,"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225592,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"purchase","acquired":true,"shares":2750000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F2","text":"Represents shares in Grove Collaborative Inc. that were exchanged for Shares in connection with the closing of the Transaction."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Represents shares in Grove Collaborative Inc. that were exchanged for Shares in connection with the closing of the Transaction."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F6","text":"Corvina Holdings Limited is the record holder of these Shares."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":12722500,"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2225591,"issuer":{"id":135,"kind":"organization","name":"Grove Collaborative Holdings, Inc.","symbol":"GROV"},"owners":[{"id":93176,"kind":"organization","name":"Virgin Group Acquisition Sponsor II LLC","position":1,"cik":"0001846226","reported_name":"Virgin Group Acquisition Sponsor II LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108607,"kind":"organization","name":"VIECO INVESTMENTS LTD","position":4,"cik":"0001734533","reported_name":"VIECO INVESTMENTS LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-06-21T23:48:50.000Z","date":"2022-06-16","kind":"exercise","acquired":true,"shares":9972500,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"shares","element":"transactionShares","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the \"Shares\") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the \"Transaction\"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Virgin Group Acquisition Sponsor II LLC, a Cayman Islands limited liability company, is the record holder of these Shares. Corvina Holdings Limited, a British Virgin Islands exempted company (\"Corvina\"), is the sole managing member and manager of Virgin Group Acquisition Sponsor II LLC and holds an economic interest therein. Corvina Holdings Limited is wholly owned by Virgin Group Holdings Limited."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F7","text":"Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F8","text":"Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein."}],"balance_after":9972500,"source":{"system":"sec-edgar","filing":"0000950103-22-010959","document":"dp175629_4-vgasiillc.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1841761/000095010322010959/dp175629_4-vgasiillc.xml","form_type":"4"}},{"id":2454053,"issuer":{"id":114569,"kind":"organization","name":"Virgin Orbit Holdings, Inc.","symbol":"VORB"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":2,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":3,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":4,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2022-01-03T21:17:55.000Z","date":"2021-12-30","kind":"other","acquired":false,"shares":301981419,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"Represents a distribution of Common Stock by Vieco 10 Limited to Virgin Investments Limited and Fifteenth Investment Company LLC."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":252126308,"source":{"system":"sec-edgar","filing":"0001213900-22-000352","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000121390022000352/ownership.xml","form_type":"4"}},{"id":2512587,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-11-15T17:25:11.000Z","date":"2021-11-10","kind":"sale","acquired":false,"shares":15600000,"price":19.25,"value":300300000.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":30745494,"source":{"system":"sec-edgar","filing":"0000899243-21-044621","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321044621/doc4.xml","form_type":"4"}},{"id":2605281,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-12","kind":"sale","acquired":false,"shares":81248,"price":27.1739,"value":2207825.0272,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F13","text":"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.40. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":46345494,"source":{"system":"sec-edgar","filing":"0000899243-21-032902","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321032902/doc4.xml","form_type":"4"}},{"id":2605280,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-12","kind":"sale","acquired":false,"shares":1233660,"price":26.4445,"value":32623521.87,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F12","text":"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.00 to $26.99. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":46426742,"source":{"system":"sec-edgar","filing":"0000899243-21-032902","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321032902/doc4.xml","form_type":"4"}},{"id":2605279,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-12","kind":"sale","acquired":false,"shares":1710092,"price":25.7576,"value":44047865.6992,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F11","text":"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.51 to $25.995. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":47660402,"source":{"system":"sec-edgar","filing":"0000899243-21-032902","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321032902/doc4.xml","form_type":"4"}},{"id":2605278,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-12","kind":"other","acquired":false,"shares":57766,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F10","text":"Represents a transfer of shares in-kind to a former employee."},{"field":"price","element":"transactionPricePerShare","label":"F10","text":"Represents a transfer of shares in-kind to a former employee."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":49370494,"source":{"system":"sec-edgar","filing":"0000899243-21-032902","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321032902/doc4.xml","form_type":"4"}},{"id":2605277,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-11","kind":"sale","acquired":false,"shares":416041,"price":29.2964,"value":12188503.5524,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F9","text":"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.91. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Virgin Investments Limited is the record holder of the common stock reported herein. Virgin Investments Limited's sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. As a result, each of the foregoing entities and Mr. Branson may be deemed to share beneficial ownership of the securities held by Virgin Investments Limited."}],"balance_after":49428260,"source":{"system":"sec-edgar","filing":"0000899243-21-032902","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1402303/000089924321032902/doc4.xml","form_type":"4"}},{"id":2605276,"issuer":{"id":5565,"kind":"organization","name":"Virgin Galactic Holdings, Inc","symbol":"SPCE"},"owners":[{"id":108598,"kind":"organization","name":"Virgin Investments Ltd","position":1,"cik":"0001791283","reported_name":"Virgin Investments Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":108599,"kind":"organization","name":"Virgin Group Investments LLC","position":2,"cik":"0001791337","reported_name":"Virgin Group Investments LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93177,"kind":"organization","name":"Corvina Holdings LTD","position":3,"cik":"0001368872","reported_name":"Corvina Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93178,"kind":"organization","name":"Virgin Group Holdings LTD","position":4,"cik":"0001402303","reported_name":"Virgin Group Holdings LTD","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":93179,"kind":"person","name":"Branson Sir Richard","position":5,"cik":"0001368963","reported_name":"Branson Sir Richard","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2021-08-12T20:47:08.000Z","date":"2021-08-11","kind":"sale","acquired":false,"shares":449056,"price":28.2179,"value":12671417.3024,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F8","text":"The price reported in Column 4 is a weighted average price. 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Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. 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Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. 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Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. 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These shares were sold in multiple transactions at prices ranging from $15.44 to $16.30. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Vieco 10 Limited is the record holder of the common stock reported herein. The majority owner of Vieco 10 Limited is Virgin Investments Limited, whose sole shareholder is Virgin Group Investments LLC, whose sole managing member is Corvina Holdings Limited, whose sole shareholder is Virgin Group Holdings Limited. Sir Richard Branson owns and has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities owned by Virgin Group Holdings Limited. 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