Form 4: Viavi Solutions SVP Luke Scrivanich Sells Shares Under 10b5-1 Plan

Luke M. Scrivanich, SVP General Manager OSP at Viavi Solutions Inc., sold 14,323 shares of common stock at $11.24 per share on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 3, 2025, Luke M. Scrivanich, an SVP General Manager OSP at Viavi Solutions Inc., sold 14,323 shares of common stock.
• The sale was executed at a price of $11.24 per share.
• The transaction was conducted under a Rule 10b5-1 stock trading plan established on September 11, 2024.
• Following the transaction, Scrivanich directly owns 55,877 shares of Viavi Solutions Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates