Henk Derksen - 26 Sep 2023 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role: EVP, CFO
Signature: /s/ Donna T. Rossi, attorney-in-fact
Issuer symbol: VIAV
Transactions as of: 26 Sep 2023
Net transactions value: -$93,569
Form type: 4
Filing time: 28 Sep 2023, 16:34:11 UTC
Previous filing: 30 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VIAV	Common Stock	Options Exercise	$0	+11,813	+11%	$0.000000	116,173	26 Sep 2023	Direct	F1
transaction	VIAV	Common Stock	Tax liability	$43,903	-4,944	-4.3%	$8.88	111,229	26 Sep 2023	Direct	F2
transaction	VIAV	Common Stock	Options Exercise	$0	+13,363	+12%	$0.000000	124,592	26 Sep 2023	Direct	F1
transaction	VIAV	Common Stock	Tax liability	$49,666	-5,593	-4.5%	$8.88	118,999	26 Sep 2023	Direct	F2
transaction	VIAV	Common Stock	Options Exercise	$0	+27,031	+23%	$0.000000	146,030	26 Sep 2023	Direct	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	VIAV	Market Stock Units	Options Exercise	$0	-11,813	-54%	$0.000000	9,885	26 Sep 2023	Common Stock	11,813	$0.000000	Direct	F1, F3, F4
transaction	VIAV	Market Stock Units	Options Exercise	$0	-13,363	-22%	$0.000000	46,620	26 Sep 2023	Common Stock	13,363	$0.000000	Direct	F1, F4, F5
transaction	VIAV	Market Stock Units	Options Exercise	$0	-27,031	-37%	$0.000000	45,815	26 Sep 2023	Common Stock	27,031	$0.000000	Direct	F1, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each stock unit converts upon vesting into one share of common stock.
F2	These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the market stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
F3	Shares reflect the vesting of the 2nd tranche of market-leveraged stock units granted on August 28, 2021 at 119.50% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F4	There are no expiration dates on MSUs.
F5	Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2022 at 57.33% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
F6	Represents the market stock units granted on May 28, 2021, which reflect the satisfaction of performance metrics. The market stock units vest on May 28, 2024 subject to continued service. Mr. Derksen has announced his intent to resign from the company as of September 30, 2023. Accordingly, this award will be forfeited upon his termination.