Form 4: Viasat CFO Garrett Chase Executes Stock Sale
Statement of Changes in Beneficial Ownership
Viasat SVP and CFO Garrett L. Chase sold 4,000 shares of common stock pursuant to a pre-established Rule 10b5-1 trading plan.
Summary
- Garrett L. Chase, SVP and Chief Financial Officer of Viasat Inc., sold a total of 4,000 shares of common stock on June 3, 2026.
- The shares were sold in three separate tranches at weighted average prices of $71.8525, $72.6537, and $73.5363.
- Following these transactions, the reporting person retains direct ownership of 38,239 shares and indirect ownership of 657 shares via a 401(k) plan.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 25, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was executed via a pre-planned, automated trading program.
Positives
- The transaction was conducted under a pre-planned Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell shares without concerns regarding insider trading.
Negatives
- The sale represents a reduction in the executive's direct equity stake in the company.
Risks
- Market volatility could impact the value of the remaining shares held by the executive.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not signal a change in company strategy or outlook.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for executives to manage personal liquidity while maintaining compliance with SEC regulations.
Stakeholder Impact
- Minimal impact expected as the sale was pre-planned and represents a small portion of the executive's total holdings.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 2026-02-25 | Date of adoption of the Rule 10b5-1 trading plan. |
| 2026-06-03 | Date of the reported stock sale transactions. |
| 2026-06-05 | Date of filing of the Form 4. |
Keywords
Viasat, VSAT, Insider Trading, Form 4, CFO, Garrett Chase, Equity Sale
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