Form 4: Viasat Director Richard A. Baldridge Reports Stock Transactions

Director Richard A. Baldridge reports acquisition and disposal of Viasat stock and derivative securities.

Summary

• Richard A. Baldridge, a director of Viasat Inc., filed a Form 4 detailing changes in beneficial ownership.
• On September 5, 2024, Baldridge acquired 5,000 common stock options with an exercise price of $17.33, vesting on September 5, 2025, and expiring on September 5, 2030.
• He also acquired 1,600 restricted stock units (RSUs) on September 5, 2024, which will vest on September 5, 2025, subject to continued service as a director.
• On September 7, 2024, Baldridge converted 1,600 restricted stock units into shares and contributed them to The Baldridge Family Trust.
• Following these transactions, Baldridge directly owns no shares and indirectly owns 258,635 shares through a trust and 211 shares through a 401(k).

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director, with no inherent positive or negative sentiment. It simply reflects changes in ownership.

Future Outlook

The acquired stock options vest on September 5, 2025, and expire on September 5, 2030. The restricted stock units vest on September 5, 2025, contingent on continued service as a director.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding the director's view of the company's prospects.

Key Dates