Form 4: Viasat Director Converts Restricted Stock Units
Insider Transaction Report
Viasat Director Theresa Wise converted 1,600 restricted stock units into common stock, increasing her direct beneficial ownership.
Summary
- Theresa Wise, a Director at Viasat Inc. (VSAT), completed a transaction on September 5, 2025.
- The transaction involved the conversion of 1,600 restricted stock units (RSUs) into 1,600 shares of Viasat common stock.
- The conversion price for the derivative security (RSU) was $0.
- Following this transaction, Theresa Wise directly beneficially owns 11,000 shares of Viasat common stock.
- The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
- Prior to vesting, the restricted stock units were subject to forfeiture if the directorship with Viasat Inc. terminated.
Sentiment
Score: 6
Explanation: The routine conversion of restricted stock units into common stock by a director is generally a neutral event, but the resulting increase in direct share ownership can be viewed as a slight positive for investor confidence, indicating continued alignment with shareholder interests.
Positives
- The conversion of restricted stock units into common stock increases the director's direct ownership in the company, aligning their interests more closely with shareholders.
- The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged, non-discretionary trading strategy.
Risks
- The restricted stock units were subject to forfeiture in the event of termination of the directorship with the Issuer until vested.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Disclosure | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 09/05/2025 | Indicates a pre-planned, non-discretionary transaction, reducing concerns about opportunistic insider trading. |
Stakeholder Impact
- Shareholders may view the director's increased direct ownership as a positive signal of commitment and alignment with long-term company performance.
Key Dates
| Date | Description |
|---|---|
| 09/05/2025 | Date of transaction for the conversion of restricted stock units to common stock. |
| 09/09/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Viasat, VSAT, Form 4, Insider Transaction, Restricted Stock Units, Common Stock, Director, Equity Conversion, 10b5-1 Plan
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