Form 4: Viavi Solutions Director Masood Jabbar Sells 15,000 Shares

Director Masood Jabbar sold 15,000 shares of Viavi Solutions Inc. on September 16, 2024, at a weighted average price of $8.20.

Summary

• On September 16, 2024, Masood Jabbar, a director of Viavi Solutions Inc., sold 15,000 shares of common stock.
• The sale was executed at a weighted average price of $8.20, with individual transactions ranging from $8.10 to $8.38.
• The sale was conducted under a pre-arranged Rule 10b5-1 stock trading plan established on May 15, 2024.
• Following the transaction, Masood Jabbar still beneficially owns 228,514 shares of Viavi Solutions Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the director's current outlook on the company.

Industry Context

Sales by company insiders are a common occurrence and are closely monitored by investors for signals about the company's prospects; however, sales under 10b5-1 plans are less likely to be indicative of the insider's view of the company's prospects.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder confidence, although the pre-planned nature of the sale mitigates this concern.

Key Dates