Virgin Galactic Holdings, Inc. filed a current report on August 18, 2026, disclosing that a U.S. federal court granted final approval of the settlement of two consolidated derivative lawsuits against the company.

Key Highlights

  • Court order date: The U.S. District Court for the Eastern District of New York issued its final approval order on August 14, 2026.
  • Cases covered: The settlement resolves In re Virgin Galactic Holdings, Inc. Derivative Litigation, Case No. 1:22-cv-00933 (E.D.N.Y.), and St. Jean v. Branson et al., Case No. 1:22-cv-7551 (E.D.N.Y.).
  • Announcement method: Virgin Galactic issued a press release on August 18, 2026 to announce the court's order, attached as Exhibit 99.1.
  • Signatory: Sarah Kim, Executive Vice President, Chief Legal Officer and Corporate Secretary, signed the filing on behalf of the registrant.
  • Exchange listing: The company's common stock, $0.0001 par value per share, trades under the symbol NYSE:SPCE.

Virgin Galactic Closes Chapter on Derivative Litigation Filed in 2022

According to the filing, Virgin Galactic Holdings, Inc., a Delaware-incorporated company headquartered at 1700 Flight Way, Tustin, California 92782, disclosed that a federal court granted final approval of the settlement of two shareholder derivative actions that had been pending in the Eastern District of New York. The company disclosed the development through a current report filed under Item 8.01 (Other Events), which covers disclosures that do not fall under other specific form items.

The filing identifies the two actions by their full captions and case numbers. The first, In re Virgin Galactic Holdings, Inc. Derivative Litigation, carried Case No. 1:22-cv-00933. The second, St. Jean v. Branson et al., carried Case No. 1:22-cv-7551. Both were filed in 2022, according to the case numbers cited, and were pending in the U.S. District Court for the Eastern District of New York. The court's order granting final settlement approval was issued on August 14, 2026, four days before the company issued its press release and filed this report, according to the disclosure.

The company confirmed that a copy of the press release announcing the settlement approval is attached to the filing as Exhibit 99.1 and incorporated by reference. No financial terms of the settlement were set out in the body of the current report itself. The filing was signed by Sarah Kim, identified as Executive Vice President, Chief Legal Officer and Corporate Secretary, acting on behalf of Virgin Galactic Holdings, Inc.

What Was Disclosed

Virgin Galactic Holdings, Inc. reported that a U.S. district court granted final approval on August 14, 2026 of the settlement of two derivative lawsuits originally filed in 2022, with the company disclosing the development via press release on August 18, 2026.