Aviat Networks CEO exercises options, sells shares

Aviat Networks President and CEO Pete A. Smith reported stock option activity and a share sale.

Rhea-AI Filing Summary

Aviat Networks President and CEO Pete A. Smith reported stock option activity and a share sale. On February 9, 2026, he exercised a non-qualified stock option to acquire 26,386 shares of common stock at $11 per share.

On the same date, he sold 17,086 common shares at a weighted average price of $26.3264, with individual trades ranging from $26.05 to $26.60. After these transactions, he directly beneficially owned 358,747 common shares and held 26,386 employee stock options expiring on August 31, 2027.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider SMITH PETE A

Role President and CEO

Sold 17,086 shs ($450K)

Approx. gross sale proceeds $450K

Approx. exercise cost $290K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	26,386	$0.00	$0.00
Exercise	Common Stock	26,386	$11.00	$290K
Sale	Common Stock	17,086	$26.3264	$450K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 26,386 contracts (Direct); Common Stock — 358,747 shares (Direct)

Footnotes (3)

1. F1. 2-for-1 stock split on April 8, 2021 and option grant price adjusted from $22.00 to $11.00. Option shares granted originally 13,193 increased to 26,386 due to stock split.
2. F2. The price in Column 4 is a weighted average price and shares sold in multiple transactions at prices ranging from $26.05 to $26.60
3. F3. The Stock Option was granted on September 1, 2020 and vested annually over three years from date of grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Aviat Networks (AVNW) report for Pete A. Smith?

Aviat Networks reported that President and CEO Pete A. Smith exercised a non-qualified stock option for 26,386 shares at $11 and sold 17,086 common shares at a weighted average price of $26.3264, all on February 9, 2026.

How many Aviat Networks (AVNW) shares does the CEO own after this Form 4 filing?

After the reported transactions, President and CEO Pete A. Smith directly beneficially owned 358,747 shares of Aviat Networks common stock and held 26,386 employee stock options scheduled to expire on August 31, 2027, according to the Form 4 filing.

What stock option did the Aviat Networks (AVNW) CEO exercise in this Form 4?

Pete A. Smith exercised a non-qualified employee stock option covering 26,386 Aviat Networks common shares at an exercise price of $11 per share. The option was originally granted on September 1, 2020 and vested annually over three years from the grant date.

At what prices were Aviat Networks (AVNW) shares sold in the CEO’s transaction?

The Form 4 states the 17,086 Aviat Networks common shares were sold at a weighted average price of $26.3264 per share, with individual sale prices occurring in multiple transactions ranging from $26.05 to $26.60 per share on February 9, 2026.

How did a prior stock split affect the Aviat Networks (AVNW) CEO’s option grant?

A two-for-one stock split on April 8, 2021 adjusted the CEO’s option grant. The exercise price changed from $22.00 to $11.00 per share, and the number of option shares increased from 13,193 to 26,386, as noted in the Form 4 footnotes.

What is the expiration date of the Aviat Networks (AVNW) stock option in this Form 4?

The non-qualified employee stock option referenced in the Form 4 expires on August 31, 2027. It was granted on September 1, 2020 and vested annually over three years, ultimately covering 26,386 Aviat Networks common shares after the two-for-one stock split.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/10/2026 - 05:55 PM EST Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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

X

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^*

SMITH PETE A

(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)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		M		26,386	A	$11(1)	375,833	D
Common Stock	02/09/2026		S		17,086	D	$26.3264(2)	358,747	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
Non-Qualified Stock Option (right to buy)	$11	02/09/2026		M			26,386(1)	(3)	08/31/2027	Employee Stock Option (right to buy	26,386	$0	26,386(1)	D

Explanation of Responses:

1. 2-for-1 stock split on April 8, 2021 and option grant price adjusted from $22.00 to $11.00. Option shares granted originally 13,193 increased to 26,386 due to stock split.

2. The price in Column 4 is a weighted average price and shares sold in multiple transactions at prices ranging from $26.05 to $26.60

3. The Stock Option was granted on September 1, 2020 and vested annually over three years from date of grant.

Remarks:

	/s/ Jonanna Mikulenka, as attorney-in-fact	02/10/2026
	** 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.