Form 4: Viasat Director Sean Pak Reports Stock Transactions

Director Sean Pak reports acquisition and disposition of Viasat stock and stock options.

Summary

• Sean Pak, a director at Viasat Inc., filed a Form 4 detailing changes in beneficial ownership.
• On September 5, 2024, Pak acquired 5,000 common stock options with an exercise price of $17.33, vesting on September 5, 2025, and expiring on September 5, 2030.
• Pak 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, Pak exercised 1,600 RSUs and contributed the resulting shares to the Sean S. Pak and Caroline K. Shin Revocable Trust dated April 29, 2015.
• Following these transactions, Pak directly owns no shares and indirectly owns 12,600 shares through the trust.
• Pak directly owns 5,000 common stock options and 1,600 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The restricted stock units will vest and convert into shares of common stock on September 5, 2025, subject to the reporting person's continued service as a Director of the Issuer.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions may provide insights to stakeholders regarding the director's view on the company's future prospects.

Key Dates