Form 4: VIAVI Solutions CFO Sells Over 82,000 Shares Under Pre-Arranged Plan

VIAVI Solutions Inc.'s Executive Vice President and Chief Financial Officer, Ilan Daskal, reported the sale of 82,095 shares of common stock on June 4, 2025, at a weighted average price of $9.28 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Ilan Daskal, EVP, CFO of VIAVI Solutions Inc. (VIAV), reported a transaction involving the company's common stock.
• On June 4, 2025, Mr. Daskal disposed of 82,095 shares of common stock.
• The shares were sold at a weighted average price of $9.28 per share, with individual trades ranging from $9.25 to $9.33.
• This transaction was executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following this reported transaction, Mr. Daskal's direct beneficial ownership of common stock is 0 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral to slightly negative. While insider selling can be a negative signal, the fact that it was executed under a pre-arranged 10b5-1 plan mitigates the negative interpretation, suggesting it was not based on new, adverse information. However, the reduction of direct holdings to zero by a key executive is still a notable event.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a discretionary sale based on new, non-public information, which can mitigate negative market interpretations.

Negatives

• The EVP, CFO sold a significant number of shares (82,095), reducing his direct beneficial ownership of common stock to zero, which could be perceived negatively by investors as a reduction in insider alignment.

Risks

• While executed under a 10b5-1 plan, the sale by a key executive could still be interpreted by the market as a lack of confidence, potentially leading to negative sentiment or downward pressure on the stock price.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Industry Context

This filing is an individual insider transaction report and does not provide broader industry context or trends. It reflects a specific executive's stock activity within the technology and communications test and measurement industry.

Stakeholder Impact

• Shareholders may interpret the sale by a key executive as a signal regarding the company's future prospects, potentially influencing their investment decisions.
• The execution under a 10b5-1 plan aims to provide transparency and reduce speculation regarding the reasons for the sale.

Key Dates

Keywords

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