{"url_path":"/sec/spce/8-k/2026-06-15/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/1706946/0001706946-26-000111-index.html","accession_number":"0001706946-26-000111","cik":"0001706946","ticker":"SPCE","issuer_name":"Virgin Galactic Holdings, Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1706946/0001706946-26-000111-index.html","primary_entity_key":"0001706946","primary_entity_name":"Virgin Galactic Holdings, Inc"},"word_count":340,"has_tables":true,"body_markdown":"Item 5.02\n\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nOn June 11, 2026, Virgin Galactic Holdings, Inc. (the “Company”) held its 2026 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved the Fourth Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan (the “Fourth A&R Plan”), which was adopted by the Company’s Board of Directors (the “Board”) on April 14, 2026, and became effective on the date of Company stockholder approval.\n\nFourth A&R Plan\n\nThe Fourth A&R Plan amends and restates the Third Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan (the “Third A&R Plan”) and makes the following material changes to the Third A&R Plan:\n\n  \n\n(i)\n\nIncreases the number of shares available by 9,450,000 shares with an aggregate of 17,120,437 shares reserved for issuance under the Fourth A&R Plan;\n\n  \n\n(ii)\n\nIncreases the number of shares which may be granted as incentive stock options under the Fourth A&R Plan, such that an aggregate of 17,120,437 shares may be granted as incentive stock options under the Fourth A&R Plan; and\n\n  \n\n(iii)\n\nExtends the right to grant awards through June 11, 2036; provided that incentive stock options (as defined under Section 422 of the Internal Revenue Code of 1986, as amended) may not be granted under the Fourth A&R Plan after April 14, 2036.\n\nThe terms and conditions of the Fourth A&R Plan are described in the section entitled “Proposal No. 4: Approval of the Fourth Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan” in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 21, 2026 (the “Proxy Statement”).\n\nThe foregoing description of the Fourth A&R Plan does not purport to be complete and is qualified in its entirety by reference to the complete text of the Fourth A&R Plan which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference."}