Form 4: VIAVI Solutions Director Sells Shares Under Pre-Arranged 10b5-1 Plan

VIAVI Solutions Inc. Director Richard Belluzzo sold 8,385 shares of common stock at a weighted average price of $10.02 per share on July 1, 2025, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Richard Belluzzo, a Director of VIAVI Solutions Inc. (VIAV), executed a sale of common stock.
• The transaction occurred on July 1, 2025.
• A total of 8,385 shares of common stock were sold.
• The shares were sold at a weighted average price of $10.02 per share, with individual trades ranging from $9.98 to $10.05.
• The sale was conducted pursuant to a Rule 10b5-1 Stock Trading Plan established on February 4, 2025.
• Following this transaction, Richard Belluzzo beneficially owns 242,311 shares of VIAVI Solutions Inc. common stock.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale by a director under a Rule 10b5-1 trading plan, which is a routine event for insider liquidity management and does not necessarily reflect a change in sentiment regarding the company's prospects.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 Stock Trading Plan, which indicates a planned transaction for liquidity or diversification rather than a reaction to new company-specific information, enhancing transparency.

Negatives

• A director, Richard Belluzzo, reduced his direct ownership stake in VIAVI Solutions Inc. by selling 8,385 shares.

Risks

• While executed under a 10b5-1 plan, the sale of shares by a director could be perceived by some investors as a signal, potentially leading to questions about management's long-term confidence, although this is mitigated by the pre-planned nature of the transaction.

Future Outlook

NA

Management Comments

• NA

Industry Context

NA

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: The sale by a director, even under a 10b5-1 plan, represents a reduction in insider ownership, which some shareholders may view with caution, though the pre-planned nature mitigates concerns about opportunistic selling.

Next Steps

• NA

Key Dates

Keywords

VIAVI Solutions, VIAV, Richard Belluzzo, Director, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Equity Transaction