Form 4: Viavi Solutions SVP Luke Scrivanich Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Luke M. Scrivanich, SVP General Manager OSP at Viavi Solutions Inc., sold 3,029 shares of common stock at $8.86 per share on September 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 26, 2024, Luke M. Scrivanich, a Senior Vice President and General Manager OSP at Viavi Solutions Inc., sold 3,029 shares of the company's common stock.
- The sale was executed at a price of $8.86 per share.
- The transaction was conducted under a Rule 10b5-1 stock trading plan established on February 10, 2023.
- Following the transaction, Scrivanich directly owns 57,319 shares of Viavi Solutions Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates concerns about opportunistic trading.
Key Dates
| Date | Description |
|---|---|
| February 10, 2023 | Date of the Rule 10b5-1 Stock Trading Plan |
| September 26, 2024 | Date of the stock sale transaction |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.