Hello FK-MIA,
thank you for posting on the Microsoft Community Forums.
To transfer the Windows Server 2019 license to the new VM, you will need to deactivate the license on the physical server before activating it on the virtual machine. You can do this by using the slmgr.vbs script in an elevated command prompt on the physical server. Once the license is deactivated, you can activate it on the virtual machine using the same script.
Regarding the second Windows Server VM, you will need a separate license for it. Each instance of Windows Server requires its own license, even if it is running on the same hardware as another instance.
For the second system, you will need a second Windows Server 2019 Standard license to run the secondary DC and the main VM in case of failure. As long as you are only running two instances of Windows Server at a time, you should be compliant with licensing requirements.
Kind regards,
Lei