Virgin Galactic derivative suit settlement preliminarily approved; $2.75M from insurers

Virgin Galactic Holdings, Inc

U.S. District Court preliminarily approved settlement on May 19, 2026.
Company's insurers will pay $2.75 million; Virgin Galactic retains $1.375 million.
Final approval hearing scheduled for July 28, 2026.
Defendants deny any wrongdoing; all derivative claims expected to be dismissed.
Notice of settlement posted on Virgin Galactic investor relations website.

item 7.01 item 8.01 item 9.01

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ticker: SPCE
cik: 0001706946
company_name: Virgin Galactic Holdings, Inc
filed_at: 2026-05-28T21:10:54+00:00
discovered_at: 2026-05-28T21:12:00.251923+00:00
generated_at: 2026-05-28T21:12:59.019894+00:00
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