Richard A. Baldridge - Jul 7, 2024 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Director
Signature
Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Jul 7, 2024
Transactions value $
-$5,296
Form type
4
Date filed
7/9/2024, 04:26 PM
Previous filing
May 15, 2024
Next filing
Sep 9, 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 +10.3K $0.00 10.3K Jul 7, 2024 Direct
transaction VSAT $.0001 par value common stock Tax liability -$5.3K -368 -3.57% $14.39 9.94K Jul 7, 2024 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -9.94K -100% $0.00* 0 Jul 7, 2024 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +9.94K +4.02% $0.00 257K Jul 7, 2024 By Trust
holding VSAT $.0001 par value common stock 211 Jul 7, 2024 By 401(k)

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 -10.3K -25% $0.00 30.9K Jul 7, 2024 common stock 10.3K $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 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.
F2 These restricted stock units were granted to Richard A. Baldridge, who at the time of the grant was an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
F3 The original restricted stock unit grant was for 41,230 units on 06/07/2023. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date and 1/4 on each of the second, third and 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.