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CUSIP No. 92766K106
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13D
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Page 7 of 11 pages
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Explanatory Note
This Amendment No. 5 to Schedule 13D (Amendment No. 5) amends and supplements the Schedule 13D filed with United States
Securities and Exchange Commission on November 4, 2019 (as amended to date, the Schedule 13D) relating to the common stock, par value $0.0001 per share (the Common Stock), of Virgin Galactic Holdings, Inc., a Delaware
corporation (the Issuer). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 4.
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Purpose of Transaction.
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Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
On July 30, 2020, Vieco 10 Limited (V10) distributed all of it shares of the Issuer to its stockholders on a pro rata basis
for no consideration, as a result of which Virgin Investments Limited (VIL) is now the record holder of 62,403,260 shares of the Issuers Common Stock and Aabar Space, Inc. (Aabar) is the record holder of 14,887,178
shares of the Issuers Common Stock.
In connection with such distribution, each of VIL and Aabar executed joinders to the
Registration Rights Agreement and the Stockholders Agreement (the Joinder to the RRA and the Joinder to the SA, respectively). Pursuant to the Joinder to the RRA, of the 62,403,260 shares received by VIL, 46,339,860
shares remain subject to lockup restrictions under the Registration Rights Agreement, and of the 14,887,178 shares received by Aabar, 11,055,359 shares remain subject to lockup restrictions under the Registration Rights Agreement, in each case until
October 25, 2021. Pursuant to the Joinder to the RRA, VIL and Aabar are also entitled to certain demand and piggyback registration rights.
The foregoing descriptions of the Joinder to the RRA and the Joinder to the SA do not purport to be complete and are qualified in their
entirety by reference to the full text of such agreements filed as exhibits to this Schedule 13D, and incorporated herein by reference.