Mark D. Dankberg - Jul 7, 2024 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Chairman and CEO, Director
Signature
Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Jul 7, 2024
Transactions value $
-$162,521
Form type
4
Date filed
7/9/2024, 04:35 PM
Previous filing
Jun 25, 2024
Next filing
Nov 19, 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 +21K $0.00 21K Jul 7, 2024 Direct
transaction VSAT $.0001 par value common stock Tax liability -$163K -11.3K -53.75% $14.39 9.72K Jul 7, 2024 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 -9.72K -100% $0.00* 0 Jul 7, 2024 Direct F3
transaction VSAT $.0001 par value common stock Gift $0 +9.72K +0.59% $0.00 1.66M Jul 7, 2024 By Trust
holding VSAT $.0001 par value common stock 4.15K Jul 7, 2024 By 401(k) F1

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 -21K -25% $0.00 63K Jul 7, 2024 common stock 21K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 954 shares of common stock the Reporting Person acquired under the Viasat 401(k) Plan since the date of the Reporting Person's last ownership report.
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 restricted stock unit was granted to Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust.
F4 The original restricted stock unit grant was for 84,043 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.
F5 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.