Richard A. Baldridge - Dec 17, 2021 Form 4 Insider Report for VIASAT INC (VSAT)

Role: Chief Executive Officer, Director
Signature: Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol: VSAT
Transactions as of: Dec 17, 2021
Transactions value $: -$487,357
Form type: 4
Date filed: 12/20/2021, 06:30 PM
Previous filing: Nov 22, 2021
Next filing: Apr 25, 2022

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	+20.1K		$0.00	20.1K	Dec 17, 2021	Direct
transaction	VSAT	$.0001 par value common stock	Tax liability	-$487K	-10.6K	-52.65%	$46.16	9.49K	Dec 17, 2021	Direct	F1
transaction	VSAT	$.0001 par value common stock	Gift	$0	-9.49K	-100%	$0.00^*	0	Dec 17, 2021	Direct	F2
transaction	VSAT	$.0001 par value common stock	Gift	$0	+9.49K	+5.34%	$0.00	187K	Dec 17, 2021	By Trust
holding	VSAT	$.0001 par value common stock						3K	Dec 17, 2021	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	-25%	$0.00	60.2K	Dec 17, 2021	common stock	20.1K	$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 restricted stock unit was granted to Richard Baldridge, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
F3	The original deferred restricted stock unit grant was for 80,208 restricted stock 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 of the Issuer 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.