Form 4: Viavi Solutions Director Doug Gilstrap Reports Stock Unit Conversion and Acquisition

Director Doug Gilstrap of Viavi Solutions Inc. reports the conversion of stock units into common stock and the acquisition of additional restricted stock units.

Summary

• On November 6, 2024, Doug Gilstrap, a director at Viavi Solutions Inc., converted 26,819 restricted stock units (RSUs) into common stock.
• Following this transaction, Mr. Gilstrap directly owns 42,237 shares of common stock.
• On November 7, 2024, Mr. Gilstrap acquired 23,529 restricted stock units that vest 100% on November 7, 2025.
• After the acquisition, Mr. Gilstrap directly owns 23,529 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.

Key Dates