Form 4: Viavi Solutions Director Richard Belluzzo Sells Shares Under 10b5-1 Plan

Director Richard Belluzzo sold 8,385 shares of Viavi Solutions (VIAV) common stock on May 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Richard Belluzzo, a director of Viavi Solutions Inc. (VIAV), sold 8,385 shares of common stock on May 7, 2025.
• The sale was executed under a Rule 10b5-1 stock trading plan established on February 4, 2025.
• The shares were sold at a weighted average price of $8.92, with individual transactions ranging from $8.92 to $9.01.
• Following the transaction, Belluzzo directly owns 259,081 shares of Viavi Solutions.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Viavi Solutions, VIAV, Richard Belluzzo, Form 4, SEC, Stock Sale, Rule 10b5-1, Director, Insider Trading