Form 4: VIAVI CEO Sells 73,250 Shares Under 10b5-1 Plan

VIAVI Solutions Inc. President and CEO Oleg Khaykin reported the sale of 73,250 shares of common stock at a weighted average price of $26.25 per share, executed under a Rule 10b5-1 plan.

Summary

• Oleg Khaykin, President & CEO and Director of VIAVI Solutions Inc., sold 73,250 shares of common stock.
• The transaction occurred on February 9, 2026.
• The shares were sold at a weighted average price of $26.25 per share, with trades ranging from $26.25 to $26.26.
• The sale was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following the sale, Khaykin directly beneficially owns 1,635,621 shares of common stock.
• An additional 40,238 shares are indirectly beneficially owned by Khaykin's spouse.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral to slightly negative event. While a significant insider sale, its execution under a 10b5-1 plan suggests pre-planned diversification rather than a direct signal of management's immediate negative outlook.

Negatives

• A significant sale by a high-ranking insider (President & CEO) could be interpreted by some investors as a signal, despite being pre-planned.
• The transaction reduces the direct beneficial ownership of common stock by the CEO by 73,250 shares.

Industry Context

StockSavvy.ai notes that insider selling, especially by a CEO, can sometimes precede periods of underperformance for a company's stock, though its execution under a 10b5-1 plan often indicates personal financial planning rather than a reaction to new, adverse company developments. Investors often monitor such transactions closely as a signal of management's perception of the company's valuation.

Comparison to Industry Standards

• StockSavvy.ai observes that insider selling is a common occurrence across industries, often driven by diversification needs or pre-arranged trading plans (like 10b5-1 plans). For example, similar sales have been observed at companies like Cisco Systems (CSCO) or Keysight Technologies (KEYS) by their executives, where such transactions are typically viewed in the context of the executive's overall holdings and the company's performance trajectory. The sale of 73,250 shares by VIAVI's CEO represents a notable but not extraordinary portion of his total beneficial ownership.

Stakeholder Impact

• Shareholders may interpret the CEO's sale as a signal regarding the company's future prospects or current valuation, potentially influencing their investment decisions.
• Employees might observe the transaction, but direct impact is minimal unless it signals broader company issues.

Key Dates

Recommendation

The sale by the CEO, while significant, was conducted under a pre-arranged 10b5-1 trading plan, which typically indicates personal financial planning rather than a reaction to new, adverse company information. This mitigates the negative signal often associated with insider selling. Without additional financial or strategic updates, a 'hold' recommendation is prudent, advising investors to monitor future company performance and broader market conditions.

Keywords

VIAVI Solutions, VIAV, Oleg Khaykin, Insider Sale, Form 4, Stock Transaction, CEO, Director, Equity Sale, 10b5-1 Plan