Summary by Moomoo AI
On June 12, 2024, Virgin Galactic Holdings, Inc. filed a Form S-8 registration statement with the Securities and Exchange Commission (SEC), registering an additional 14,000,000 shares of common stock for issuance under the Second Amended and Restated 2019 Incentive Award Plan. The registration also includes 13,000,000 shares that were previously granted under the 2019 Plan as restricted stock unit awards but were canceled or forfeited before vesting. These shares are now available for issuance under the terms of the 2019 Plan. The filing incorporates by reference the company's previous SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 2023, and Quarterly Reports on Form 10-Q for the quarter ended March 31, 2024. The registration statement also outlines the terms of the 2019 Plan, including eligibility, administration, and the various types of awards that can be granted to service providers. The Plan is designed to attract, retain, and motivate employees, directors, and consultants by offering them equity ownership opportunities.
