Form 4: VIAVI Director Sells Shares Under Pre-Arranged Plan

VIAVI Solutions Director Donald A. Colvin sold a total of 40,000 shares of common stock for approximately $683,487 under a pre-arranged Rule 10b5-1 plan.

Summary

• Donald A. Colvin, a Director of VIAVI SOLUTIONS INC. (VIAV), reported transactions involving the sale of common stock.
• The transactions occurred on November 4, 2025, and were executed pursuant to a Rule 10b5-1(c) plan.
• A total of 23,050 shares were sold at a weighted average price of $16.98 per share.
• An additional 16,950 shares were sold at a price of $17.24 per share.
• The total number of shares sold was 40,000.
• Following these transactions, Donald A. Colvin directly beneficially owns 148,524 shares of VIAVI SOLUTIONS INC. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the disclosure that the transaction was executed under a pre-arranged Rule 10b5-1 plan mitigates concerns that the sale is based on new, adverse information about the company. It is a scheduled event rather than a reactive one.

Negatives

• Director Donald A. Colvin sold 40,000 shares of common stock, which could be perceived by some investors as a reduction in insider confidence, although the sale was pre-arranged under a Rule 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may observe a reduction in direct insider ownership, which could lead to varied interpretations regarding management's long-term commitment or outlook, despite the pre-planned nature of the sale.

Key Dates

Recommendation

The sale of shares by a director, even a significant amount, under a pre-arranged Rule 10b5-1 plan is typically a neutral event for investment decisions. It indicates a planned diversification or liquidity event rather than a reaction to new company-specific information. Without additional context from other filings or market data, this single transaction does not provide a strong signal for a 'buy' or 'sell' recommendation, thus a 'hold' is appropriate.

Keywords

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