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

Rhea-AI Filing Summary

Gary Croke, SVP of Product and Innovation at Aviat Networks (AVNW), exercised and sold stock under a prearranged plan. On 09/02/2025 he exercised a non-qualified option to acquire 6,742 shares at an $8.90 exercise price and immediately sold 6,742 shares at a weighted-average price of $22.4103, leaving him with 45,159 shares beneficially owned. The transactions were completed pursuant to a Rule 10b5-1 trading plan and the option was originally granted on 09/07/2018 and vested over three years. The Form 4 was signed by an attorney-in-fact on 09/03/2025.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating prearranged, compliant insider trading procedures
• Insider retained substantial ownership after the sale (45,159 shares remain beneficially owned)

Negative

• Insider sold 6,742 shares, which reduces the reporting persons holdings and could be viewed as a liquidity event
• Sale was at market prices (weighted-average $22.4103), providing cash proceeds rather than signaling increased long-term accumulation

Insights

Securities Analyst

TL;DR: Insider exercised vested options and sold shares under a 10b5-1 plan, a routine liquidity event without new company-specific disclosures.

The filing shows a classic option exercise followed by an immediate sale for proceeds above the exercise price, executed under a Rule 10b5-1 plan. This indicates the transaction was preplanned and not an opportunistic, ad hoc sale. The insider retains 45,159 shares after the sale, so ownership remains meaningful. From an investor-impact perspective, this type of filing is typically neutral unless coupled with other material company developments.

Corporate Governance Expert

TL;DR: Use of a documented 10b5-1 plan reduces informational asymmetry; transaction appears compliant and procedural.

The disclosure explicitly states the transactions were pursuant to a Rule 10b5-1 trading plan, which helps demonstrate compliance with insider trading rules and reduces signaling risk. The option grant date and vesting schedule are disclosed, confirming the shares were vested and exercisable. There is no indication of unusual timing or undisclosed material information in the 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
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).

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)
09/02/2025

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	09/02/2025		M(1)		6,742	A	$8.9	51,901	D
Common Stock	09/02/2025		S(1)		6,742	D	$22.4103(2)	45,159	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)	$8.9	09/02/2025		M			6,742	(3)	09/07/2025	Common Stock	6,742	$0	0	D

Explanation of Responses:

1. The option exercise and sales reported were pursuant to Rule 10b5-1 trading plan by reporting person.

2. The price in Column 4 is a weighted average price. and shares sold in multiple transactions at prices ranging from $22.24 to $22.71

3. The Stock Option was granted on September 7, 2018 and vested over three years from date of grant

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 (AVNW) insider Gary Croke do on 09/02/2025?

He exercised a non-qualified stock option for 6,742 shares at $8.90 and sold 6,742 shares at a weighted-average price of $22.4103 under a Rule 10b5-1 plan.

What is Gary Crokes role and remaining ownership after the transaction?

He is SVP of Product and Innovation and beneficially owns 45,159 shares following the reported transactions.

Was the sale preplanned or discretionary?

The filing states the transactions were executed pursuant to a Rule 10b5-1 trading plan, indicating they were prearranged.

When was the option originally granted and how did it vest?

The option was granted on 09/07/2018 and vested over a three-year period from the grant date.

What prices were involved in the transactions?

Exercise price was $8.90; shares sold at a weighted-average price of $22.4103 (individual sale prices ranged from $22.24 to $22.71).