Girish Chandran - Nov 17, 2024 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Corp. Chief Technical Officer
Signature
/s/ Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 17, 2024
Transactions value $
-$34,025
Form type
4
Date filed
11/19/2024, 04:09 PM
Previous filing
Jul 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 +8.55K +25.25% $0.00 42.4K Nov 17, 2024 Direct
transaction VSAT $.0001 par value common stock Tax liability -$34K -4.6K -10.84% $7.40 37.8K Nov 17, 2024 Direct F1
holding VSAT $.0001 par value common stock 3.7K Nov 17, 2024 By 401(k)
holding VSAT $.0001 par value common stock 176 Nov 17, 2024 By Spouse's 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 -5.01K -100% $0.00 0 Nov 17, 2024 common stock 5.01K $0.00 Direct F2, F3
transaction VSAT restricted stock unit Options Exercise $0 -3.54K -50% $0.00 3.54K Nov 17, 2024 common stock 3.54K $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 The original restricted stock unit grant was for 20,053 restricted stock units on 11/17/2020. Subject to the Reporting Person's 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; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
F3 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F4 The original restricted stock unit grant was for 14,160 restricted stock units on 11/17/2021. Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock of the Issuer over a four year period commencing on 12/17/2022 and ending on 11/17/2025.