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

VIAVI Solutions Inc. CEO Oleg Khaykin reported the sale of 70,566 common shares on February 6, 2026, under a pre-arranged 10b5-1 trading plan.

Summary

• Oleg Khaykin, President & CEO and Director of VIAVI Solutions Inc. (VIAV), reported transactions involving the sale of common stock.
• On February 6, 2026, Khaykin sold 29,887 shares of common stock at a price of $26.3 per share.
• On the same date, an additional 40,679 shares of common stock were sold at a weighted average price of $26.25 per share, with individual trades ranging from $26.24 to $26.30.
• These transactions were executed pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these reported transactions, Oleg Khaykin directly beneficially owns 1,708,871 shares of common stock.
• Additionally, 40,238 shares are indirectly beneficially owned, held by the reporting person's spouse.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative to neutral. While insider selling can raise concerns, the transaction was executed under a pre-arranged 10b5-1 plan, suggesting it's part of a planned financial strategy rather than an immediate reaction to new negative information.

Negatives

• Insider selling by a CEO, even under a 10b5-1 plan, can sometimes be interpreted by the market as a signal of reduced confidence in the company's near-term prospects, potentially impacting investor sentiment.

Industry Context

StockSavvy.ai notes that insider selling, particularly by a CEO, is a closely watched event by investors as it can offer insights into management's perspective on the company's future. However, sales executed under a Rule 10b5-1 plan are pre-scheduled, often for personal financial planning or diversification, which typically mitigates the negative implications compared to unscheduled sales.

Corporate Governance

Stakeholder Impact

• Shareholders may react to the news of the CEO selling shares, potentially leading to short-term fluctuations in the company's stock price due to shifts in investor sentiment.

Key Dates

Recommendation

While the CEO's sale of shares might typically be a bearish signal, the fact that it was executed under a Rule 10b5-1 plan suggests a pre-planned diversification or liquidity event rather than a reaction to new, negative information. Without additional context on the company's performance or strategic direction, a 'hold' recommendation is appropriate, advising investors to monitor future company announcements and market reactions.

Keywords

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