[Form 4] Aviat Networks, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gary Croke, SVP of Product and Innovation at Aviat Networks (AVNW), reported a transaction dated 09/01/2025 on a Form 4. The filing shows 504 shares were disposed under transaction code F at a price of $22.96 per share, with the disposition described as shares withheld to cover tax withholding in connection with RSU and PSU vesting on that date. After the reported transaction, Mr. Croke beneficially owned 44,654 shares directly. The form notes prior PSU reporting from 09/06/2022 totaling 1,050 PSUs and that 1,049 shares were achieved and released, with a one-share adjustment. The filing is signed by an attorney-in-fact on 09/03/2025.

Positive

• Timely and clear disclosure of the transaction on Form 4, including price and number of shares disposed.
• Transaction tied to RSU/PSU vesting and tax withholding, indicating administrative settlement rather than opportunistic sale.
• Reconciliation provided for prior PSU awards (1,050 PSUs reported 09/06/2022; 1,049 achieved and released) with a one-share adjustment.

Negative

• None.

Insights

Financial Analyst

TL;DR Routine insider tax-withholding disposal after equity vesting; no change to total compensation structure disclosed.

The Form 4 documents a common administrative sale of 504 shares at $22.96 to satisfy tax withholding tied to RSU/PSU vesting. This is not a voluntary open-market sale intended to change ownership stake; instead it reflects net settlement for tax obligations. The remaining direct beneficial ownership of 44,654 shares is disclosed, and prior PSU awards and their conversion/achievement are noted, including a one-share adjustment. The filing is timely and follows standard disclosure practice.

Corporate Governance Expert

TL;DR Disclosure shows standard insider reporting related to equity vesting and tax withholding; governance controls appear functioning.

The reported transaction is coded F, indicating disposition via tax withholding upon vesting of equity awards. The explanation clarifies the source of the shares and reconciles prior PSU reporting. The presence of an attorney-in-fact signature indicates delegated filing authority used for timely compliance. There are no indications of unusual insider trading activity or changes to director/officer roles in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Croke Gary

(Last) (First) (Middle)

AVIAT NETWORKS, INC.

200 PARKER DRIVE, SUITE C100A

(Street)

AUSTIN TX 78728

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVIAT NETWORKS, INC. [ AVNW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP of Product and Innovation

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2025		F		504	D	$22.96(1)	44,654(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to cover tax withholding obligation in connection with the vesting of RSU and PSU vesting on September 1, 2025

2. 1,050 Performance Stock Units (PSUs) shares reported on September 6, 2022 and 1,049 shares achieved and released. One share adjusted from total shares beneficially owned.

Remarks:

	/s/ Peter Tomkie, as attorney-in-fact	09/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Aviat Networks insider Gary Croke report on Form 4 (AVNW)?

The filing reports that 504 shares were disposed on 09/01/2025 at $22.96 per share to satisfy tax withholding from RSU/PSU vesting; 44,654 shares were beneficially owned after the transaction.

Why was the sale of 504 shares by the insider coded 'F'?

Code F indicates the disposition resulted from shares withheld to cover tax withholding in connection with RSU and PSU vesting on the stated date.

How many shares did Gary Croke own after the reported transaction?

The Form 4 reports 44,654 shares beneficially owned following the reported transaction.

Does the filing show any unusual insider trading activity for AVNW?

No; the filing documents a routine tax-withholding disposition tied to equity vesting and includes reconciliation of prior PSU awards, with no indication of opportunistic open-market selling.

Who signed the Form 4 for Gary Croke and when?

The Form 4 was signed by Peter Tomkie, as attorney-in-fact, on 09/03/2025.