KRISHNA NATHAN - 09 Oct 2023 Form 4 Insider Report for VIASAT INC (VSAT)

Role: Chief Information Officer
Signature: Stacy Nguyen, Attorney-in-Fact
Issuer symbol: VSAT
Transactions as of: 09 Oct 2023
Net transactions value: -$9,272
Form type: 4
Filing time: 21 Nov 2023, 16:31:41 UTC
Previous filing: 21 Aug 2023
Next filing: 13 Oct 2023
SEC: View on sec.gov

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	+8,841		$0.000000	8,841	17 Nov 2023	Direct
transaction	VSAT	$.0001 par value common stock	Tax liability	$9,272	-475	-5.4%	$19.52	8,366	17 Nov 2023	Direct	F1
holding	VSAT	$.0001 par value common stock						42,997	09 Oct 2023	By spouse

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	+43,500		$0.000000	43,500	09 Oct 2023	common stock	43,500	$15.96	Direct	F2
transaction	VSAT	restricted stock unit	Options Exercise	$0	-5,080	-50%	$0.000000	5,080	17 Nov 2023	common stock	5,080	$0.000000	Direct	F3, F4
transaction	VSAT	restricted stock unit	Options Exercise	$0	-3,761	-33%	$0.000000	7,522	17 Nov 2023	common stock	3,761	$0.000000	Direct	F4, F5

* 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 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).
F3	The original restricted stock unit grant was for 20,320 restricted stock units on 11/17/2020. Subject to the reporting person's continued employment with the Issuer, the units vest and convert into shares of common stock (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2021.
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 15,045 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.