Form 4: Viasat Director Sean Pak Reports RSU Vesting and Trust Transfer

Viasat Director Sean Pak disclosed the vesting of 1,600 restricted stock units and their subsequent transfer to a revocable trust.

Summary

• Sean Pak, a Director of Viasat Inc. (VSAT), reported changes in beneficial ownership.
• On September 5, 2025, 1,600 restricted stock units (RSUs) vested.
• These vested shares were then contributed to the Sean S. Pak and Caroline K. Shin Revocable Trust dated April 29, 2015.
• The transaction involved an acquisition of 1,600 shares at a $0 price upon vesting (M transaction code) and a disposition of 1,600 shares at a $0 price to the trust (G transaction code).
• Following these transactions, Sean Pak directly owns 0 shares and indirectly owns 14,200 shares through the Trust.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an insider transaction (RSU vesting and transfer to a trust) and does not inherently convey positive or negative sentiment about the company's performance or outlook.

Positives

• The vesting of restricted stock units indicates the fulfillment of employment or directorship conditions.
• The transfer to a revocable trust is a common estate planning strategy for insiders.

Risks

• The restricted stock units were subject to forfeiture in the event of termination of the directorship with Viasat Inc. until vested.

Future Outlook

The filing primarily reports past transactions and does not contain explicit forward-looking statements or guidance from the company. The vesting condition for RSUs is a past event.

Industry Context

This is a routine insider transaction disclosure and does not provide specific insights into broader industry trends or the competitive landscape.

Comparison to Industry Standards

• This is a standard disclosure of an insider transaction. The vesting of restricted stock units and subsequent transfer to a revocable trust are common practices for executive compensation and estate planning within the industry.

Related Party Transactions

• The transfer of shares to the Sean S. Pak and Caroline K. Shin Revocable Trust can be considered a related party transaction, as the trust is controlled by the reporting person, a director.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider ownership changes, which is standard for corporate governance. No direct financial impact from this specific transaction.

Key Dates

Keywords

Viasat, VSAT, Sean Pak, Director, SEC Form 4, Restricted Stock Unit, RSU, Insider Transaction, Beneficial Ownership, Trust