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

VIAVI Solutions' SVP of Global Sales, Gary W Staley, sold 22,306 shares of common stock for $26.14 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Gary W Staley, SVP Global Sales NSE of VIAVI SOLUTIONS INC. (VIAV), reported the sale of common stock.
• The transactions occurred on February 4, 2026.
• A total of 22,306 shares were sold in two separate transactions (3,468 shares and 18,838 shares).
• The shares were sold at a price of $26.14 per share.
• These sales were conducted under a Rule 10b5-1(c) pre-arranged trading plan.
• Following these transactions, Mr. Staley beneficially owns 160,504 shares of VIAVI SOLUTIONS INC. common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event due to the transparency and compliance provided by the Rule 10b5-1 plan, which mitigates the typical negative sentiment associated with insider sales.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled sale designed to avoid accusations of trading on material non-public information.

Negatives

• An insider sale, even under a 10b5-1 plan, represents a reduction in the executive's direct ownership stake in the company.

Risks

• While mitigated by the 10b5-1 plan, significant or repeated insider selling could potentially be interpreted by some investors as a lack of confidence in the company's near-term prospects, though this specific transaction appears routine.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are a common practice for executives to manage personal financial planning, diversify their portfolios, and liquidate vested equity awards in a compliant manner. These plans are established in advance when the insider is not in possession of material non-public information, thereby providing an affirmative defense against insider trading allegations.

Corporate Governance

Stakeholder Impact

• Shareholders: May observe a reduction in direct insider ownership, but the 10b5-1 plan context suggests a routine financial planning event rather than a signal of company distress.

Key Dates

Recommendation

This Form 4 reports a routine insider sale executed under a pre-arranged 10b5-1 plan. Such transactions are typically for personal financial management and diversification and do not usually indicate a change in the company's fundamental outlook or warrant a shift in investment recommendation. Investors should maintain their current position based on broader company fundamentals and market conditions, rather than reacting solely to this standard insider filing.

Keywords

VIAVI Solutions, VIAV, insider trading, Form 4, stock sale, 10b5-1 plan, Gary W Staley