Form 4: Viavi Solutions Executive Sells Shares Under Pre-Arranged Trading Plan

A Viavi Solutions executive sold 2,802 shares of common stock under a pre-arranged trading plan.

Summary

• Luke M. Scrivanich, a Senior Vice President and General Manager at Viavi Solutions, sold 2,802 shares of common stock.
• The sale occurred on December 11, 2024, at a price of $10.43 per share.
• The transaction was executed under a Rule 10b5-1 stock trading plan established on September 11, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-arranged trading plans to avoid accusations of insider trading. This transaction is not unusual for a company of this size.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice among publicly traded companies to allow insiders to sell shares without the appearance of trading on non-public information.
• The volume of shares sold is relatively small compared to the overall market capitalization of Viavi Solutions, suggesting this is a routine transaction.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's stock price.

Key Dates

Keywords

Viavi Solutions, stock sale, Rule 10b5-1, insider trading, executive, share transaction