Form 4: Viasat CFO Sells 20,000 Shares Under 10b5-1 Plan

Viasat's Chief Financial Officer, Garrett L. Chase, sold 20,000 shares of common stock on December 15, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Garrett L. Chase, SVP and Chief Financial Officer of Viasat Inc. (VSAT), reported the sale of 20,000 shares of common stock.
• The sales occurred on December 15, 2025, and were executed under a Rule 10b5-1 trading plan adopted on September 15, 2025.
• The shares were sold in three separate transactions at weighted average prices of $34.311, $35.4111, and $36.1284.
• Following these transactions, Mr. Chase directly owns 12,771 shares and indirectly owns 657 shares through a 401(k) plan, totaling 13,428 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can be perceived negatively, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic selling based on non-public information. It's a routine personal financial management event.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 plan, indicating the transactions were scheduled in advance and not based on immediate, non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the direct equity stake of a key executive in the company.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may note the reduction in direct equity ownership by a key executive, though the 10b5-1 plan context suggests it's a planned personal financial event rather than a signal of company distress.

Key Dates

Recommendation

The insider sale by the CFO, while reducing his direct stake, was conducted under a pre-arranged 10b5-1 plan. This indicates a planned personal financial event rather than a reaction to new, material non-public information. Therefore, this specific filing alone does not provide a strong signal for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this information.

Keywords

Viasat, VSAT, Garrett L. Chase, CFO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Transaction, Beneficial Ownership