Form 4: Viasat CEO Mark Dankberg Reports Scheduled RSU Vesting and Trust Transfer

Viasat Inc. Chairman and CEO Mark Dankberg reported the vesting of restricted stock units, subsequent tax withholding, and a transfer of shares to a family trust, effective July 7, 2025.

Summary

• Mark Dankberg, Chairman and CEO of Viasat Inc. (VSAT), reported transactions related to his beneficial ownership of company stock.
• On July 7, 2025, 46,569 shares of Viasat common stock were acquired by Mr. Dankberg through the conversion of restricted stock units (RSUs) at a price of $0.
• Concurrently, 25,078 shares were disposed of at a price of $15.93 to satisfy tax withholding obligations related to the RSU vesting.
• Following the tax withholding, 21,491 shares were disposed of at a price of $0, representing a contribution to The Dankberg Family Trust.
• The Dankberg Family Trust subsequently acquired 21,491 shares at a price of $0, reflecting the indirect beneficial ownership by Mr. Dankberg.
• After these transactions, Mr. Dankberg's beneficial ownership includes 1,730,662 shares indirectly held by The Dankberg Family Trust and 5,896 shares indirectly held by a 401(k) plan.
• An original restricted stock unit grant of 139,706 units was made on June 7, 2024, with units vesting and converting into common stock at a rate of 1/3 on the 13th month anniversary, 1/3 on the second anniversary, and 1/3 on the third anniversary of the grant date.
• Following the reported transactions, 93,137 restricted stock units remain beneficially owned by Mr. Dankberg.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to executive compensation and personal financial planning, which are neutral in sentiment regarding the company's operational performance or financial health.

Positives

• The vesting of 46,569 restricted stock units indicates the fulfillment of a compensation milestone for the Chairman and CEO.
• The continued holding of a significant number of shares, primarily through a family trust, demonstrates ongoing alignment of management's interests with long-term shareholder value.

Negatives

• A portion of the vested shares (25,078) was withheld by the Issuer to cover tax obligations, reducing the direct share count received by the Reporting Person.

Risks

• Unvested restricted stock units are subject to forfeiture in the event of termination of employment or service with Viasat Inc.

Future Outlook

Future vesting of the remaining 93,137 restricted stock units is scheduled to occur in two additional tranches: one-third on the second anniversary and one-third on the third anniversary of the June 7, 2024 grant date.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common for executives receiving equity compensation. It reflects standard compensation practices within the technology and aerospace industries, where restricted stock units are a prevalent form of long-term incentive.

Related Party Transactions

• The transfer of 21,491 shares to The Dankberg Family Trust, where Mark Dankberg is the reporting person, constitutes a related party transaction for personal financial planning purposes.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not indicate a significant change in the company's strategic direction or financial performance. It reflects the ongoing equity compensation structure for the CEO.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Future vesting of the remaining 93,137 restricted stock units on the second and third anniversaries of the June 7, 2024 grant date.

Key Dates

Keywords

Viasat, VSAT, Mark Dankberg, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Corporate Governance