Rajeev Suri - 30 May 2023 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Director
Signature
Kathleen K. Hollenbeck, under power of attorney
Issuer symbol
VSAT
Transactions as of
30 May 2023
Net transactions value
$0
Form type
4
Filing time
31 May 2023, 13:24:06 UTC
Previous filing
12 May 2023
Next filing
11 Sep 2023
SEC
View on sec.gov

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 stock option, right to buy Award $0 +9,000 $0.000000 9,000 30 May 2023 common stock 9,000 $45.80 Direct F1
transaction VSAT restricted stock unit Award $0 +3,000 $0.000000 3,000 30 May 2023 common stock 3,000 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in 3 equal annual installments beginning on May 30, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
F3 Subject to the reporting person's continued services as a Director of the Issuer, the units will vest and convert into shares of common stock of the Issuer at a rate of 1/3 on the first anniversary of the grant date; 1/3 on the second anniversary of the grant date and 1/3 on the third anniversary of the grant date.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.