Richard A. Baldridge - Nov 17, 2023 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Director
Signature
Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 17, 2023
Transactions value $
-$475,117
Form type
4
Date filed
11/21/2023, 04:05 PM
Previous filing
Sep 11, 2023
Next filing
May 15, 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 +54K $0.00 54K Nov 17, 2023 Direct
transaction VSAT $.0001 par value common stock Tax liability -$475K -24.3K -45.06% $19.52 29.7K Nov 17, 2023 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -29.7K -100% $0.00* 0 Nov 17, 2023 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +29.7K +13.65% $0.00 247K Nov 17, 2023 By Trust

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 -12.9K -100% $0.00* 0 Nov 17, 2023 common stock 12.9K $0.00 Direct F3, F4
transaction VSAT restricted stock unit Options Exercise $0 -20.1K -50% $0.00 20.1K Nov 17, 2023 common stock 20.1K $0.00 Direct F4, F5
transaction VSAT restricted stock unit Options Exercise $0 -21K -33.33% $0.00 42K Nov 17, 2023 common stock 21K $0.00 Direct F4, F6
* 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 These restricted stock units were granted to Richard A. Baldridge, who at the time of the grant was an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
F3 The original restricted stock unit grant was for 51,722 units on 11/15/2019. 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 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.
F6 The original restricted stock unit grant was for 87,451 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.