Kumara Guru Gowrappan - May 13, 2024 Form 4 Insider Report for VIASAT INC (VSAT)

Role
President
Signature
/Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
May 13, 2024
Transactions value $
-$424,089
Form type
4
Date filed
5/14/2024, 05:15 PM
Previous filing
Apr 19, 2024
Next filing
Jun 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSAT $.0001 par value common stock Options Exercise $0 +53.1K +4011.72% $0.00 54.4K May 13, 2024 Direct F1
transaction VSAT $.0001 par value common stock Tax liability -$424K -24.4K -44.88% $17.37 30K May 13, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VSAT restricted stock unit Options Exercise $0 -53.1K -25% $0.00 159K May 13, 2024 common stock 53.1K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1323 shares purchased under the Viasat Employee Stock Purchase Plan on 01/31/2024.
F2 This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
F3 The original restricted stock unit grant was for 212,298 restricted stock units on 04/13/2023. Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4 on the fourth anniversary of the grant date.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.