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

VIAVI Solutions Director Richard John Burns sold 3,384 shares of common stock for $18.76 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Richard John Burns, a Director of VIAVI Solutions Inc. (VIAV), disposed of 3,384 shares of common stock.
• The transaction occurred on December 10, 2025, at a price of $18.76 per share.
• The sale was executed pursuant to a Rule 10b5-1 Stock Trading Plan, which was established on September 10, 2025.
• Following this reported transaction, Burns beneficially owns 3,384 shares of VIAVI common stock directly.

Sentiment

Score: 4

Explanation: A director's sale of shares, even under a pre-arranged 10b5-1 plan, can be perceived as a slight negative signal regarding management's confidence or personal liquidity needs. However, the relatively small number of shares and the planned nature mitigate a strong negative interpretation.

Negatives

• A director sold 3,384 shares of company common stock, which can sometimes be perceived as a negative signal by the market, even if pre-planned.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: May interpret the director's sale as a slight negative signal, potentially impacting sentiment, though the pre-planned nature and relatively small volume mitigate significant concern.

Key Dates

Recommendation

The sale of shares by a director, while noted, was conducted under a pre-arranged 10b5-1 plan, which suggests it was not based on new material non-public information. The number of shares sold is also relatively small in the context of the company's overall market capitalization and the director's remaining beneficial ownership. This transaction alone does not provide sufficient new information to warrant a change in investment recommendation.

Keywords

VIAVI Solutions, VIAV, Form 4, Insider Trading, Stock Sale, Director, 10b5-1 Plan, Beneficial Ownership