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 9,561 shares of common stock at an average price of $8.63 on August 29, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On August 29, 2024, Luke M. Scrivanich, SVP General Manager OSP at Viavi Solutions Inc., sold 9,561 shares of common stock.
- The shares were sold at an average price of $8.63.
- The sale was executed under a Rule 10b5-1 stock trading plan amended on February 10, 2023.
- Following the transaction, Scrivanich directly owns 54,517 shares of Viavi Solutions Inc.
- The transactions were executed in multiple trades at prices ranging from $8.48 to $8.71.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a routine disclosure of a pre-planned stock sale. There's no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| February 10, 2023 | Date the Rule 10b5-1 Stock Trading Plan was amended. |
| August 29, 2024 | Date of the stock sale transaction. |
| August 30, 2024 | Date of the signature on the Form 4 filing. |
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