Mark D. Dankberg - Nov 17, 2024 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Chairman and CEO, Director
Signature
/s/ Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 17, 2024
Transactions value $
-$163,362
Form type
4
Date filed
11/19/2024, 04:12 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 +41.1K $0.00 41.1K Nov 17, 2024 Direct
transaction VSAT $.0001 par value common stock Tax liability -$163K -22.1K -53.75% $7.40 19K Nov 17, 2024 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -19K -100% $0.00 0 Nov 17, 2024 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +19K +1.14% $0.00 1.68M Nov 17, 2024 By Trust
holding VSAT $.0001 par value common stock 4.15K Nov 17, 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 -20.1K -100% $0.00 0 Nov 17, 2024 common stock 20.1K $0.00 Direct F3, F4
transaction VSAT restricted stock unit Options Exercise $0 -21K -50% $0.00 21K Nov 17, 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 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 restricted stock unit was granted to Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust.
F3 The original restricted stock unit grant was for 80,208 units on 11/17/2020. 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.
F5 The original restricted stock unit grant was for 88,518 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 over a four year period commencing on 12/17/2022 and ending on 11/17/2025.