Mark J. Miller - Oct 9, 2023 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Executive Vice President
Signature
Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Oct 9, 2023
Transactions value $
-$103,534
Form type
4
Date filed
11/21/2023, 04:28 PM
Previous filing
Jun 9, 2023
Next filing
Jun 25, 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 +13.5K $0.00 13.5K Nov 17, 2023 Direct
transaction VSAT $.0001 par value common stock Tax liability -$104K -5.3K -39.36% $19.52 8.17K Nov 17, 2023 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -8.17K -100% $0.00* 0 Nov 17, 2023 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +8.17K +2.43% $0.00 344K Nov 17, 2023 By Trust F3
holding VSAT $.0001 par value common stock 2.75K Oct 9, 2023 By 401(k) F4

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 employee stock option (right to buy) Award $0 +43.5K $0.00 43.5K Oct 9, 2023 common stock 43.5K $15.96 Direct F5
transaction VSAT restricted stock unit Options Exercise $0 -3.48K -100% $0.00* 0 Nov 17, 2023 common stock 3.48K $0.00 Direct F6, F7
transaction VSAT restricted stock unit Options Exercise $0 -5.57K -50% $0.00 5.57K Nov 17, 2023 common stock 5.57K $0.00 Direct F7, F8
transaction VSAT restricted stock unit Options Exercise $0 -4.43K -33.33% $0.00 8.85K Nov 17, 2023 common stock 4.43K $0.00 Direct F7, F9
* 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 Miller, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Miller Family Trust.
F3 Includes 526 shares purchased under the Viasat Employee Stock Purchase Plan on 01/31/2023 and 356 shares purchased on 07/31/2023.
F4 Includes 228 shares of common stock the reporting person acquired under the Viasat 401(k)Plan, since the date of the reporting person's last ownership report.
F5 The option becomes exercisable, if at all, based on both time-based vesting (in three increments equal to 33% of the total shares on each of the first three anniversary dates of the grant date) and performance-based vesting (if the average daily closing price of Viasat's common stock over any 45-day period during the three year period following the grant date exceeds certain stock price hurdles of $30.00 or above).
F6 The original restricted stock unit grant was for 13,922 restricted stock units on 11/15/2019. Subject to the Reporting Person's election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
F7 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F8 The original restricted stock unit grant was for 22,281 restricted stock units on 11/17/2020. Subject to the Reporting Person's election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
F9 The original restricted stock unit grant was for 17,700 restricted stock 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 of the Issuer over a four year period commencing on 12/17/2022 and ending on 11/17/2025.