Aviat Networks insider cashes ~$110K via 4,767-share sale

Rhea-AI Filing Summary

Insider activity summary: On 24 June 2025, Erin Boase, Vice-President Legal Affairs of Aviat Networks (AVNW), filed a Form 4 reporting an exercise-and-sell transaction. She exercised 4,767 non-qualified stock options at an exercise price of $11.00 and immediately sold the same 4,767 common shares at a weighted-average price of $23.0745 per share under a pre-arranged Rule 10b5-1 plan.

The option grant was issued on 1 September 2020, vested over three years, and was due to expire on 1 September 2027. Following the transactions, Boase’s direct ownership stands at 28,124 AVNW shares; the reported option grant is now fully exercised, leaving no remaining derivative securities from that award.

The gross sale proceeds total roughly $110 000, compared with an exercise cost of about $52 400, yielding a pre-tax spread near $57 600. No new shares were issued by the company, and the filing does not signal any change in Boase’s role or company strategy; it represents a routine insider liquidity event.

Insights

Securities Analyst

TL;DR: Small, routine insider sale—neutral for AVNW investors.

The filing discloses a modest option exercise and immediate share sale by the VP Legal Affairs. The size—about $110 k—appears immaterial relative to Aviat’s average daily volume and market cap, and the transaction was executed under a Rule 10b5-1 plan, reducing informational signaling risk. Post-trade, the executive still owns more than 28 k shares, indicating continued alignment with shareholders. Because there is no accompanying operational update or unusual magnitude, I regard the disclosure as neutral to valuation and sentiment.

Insider Trade Summary

Net Seller: 4,767 shares ($109,996)

Net Sell 3 txns

Insider Boase Erin

Role VP Legal Affairs

Sold 4,767 shs ($110K)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	4,767	$0.00	--
Exercise	Common Stock	4,767	$11.00	$52K
Sale	Common Stock	4,767	$23.0745	$110K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 shares (Direct); Common Stock — 32,891 shares (Direct)

Footnotes (1)

1. The option exercise and sales reported were pursuant to Rule 10b5-1 trading plan by reporting person. The price in Column 4 is a weighted average price. and shares sold in multiple transactions at prices ranging from $23.00 to $23.15 The Stock Option was granted on September 1, 2020 and vested over three years from date of grant.

Form 4 Insider Transactions: What Each Field Means →

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^*

Boase Erin

(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)
	VP Legal Affairs

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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	06/24/2025		M(1)		4,767	A	$11	32,891	D
Common Stock	06/24/2025		S(1)		4,767	D	$23.0745(2)	28,124	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	06/24/2025		M			4,767	(3)	09/01/2027	Common Stock	4,767	$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 $23.00 to $23.15

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

Remarks:

	/s/ Peter Tomkie, as attorney-in-fact	06/25/2025
	** 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

How many Aviat Networks (AVNW) shares did VP Legal Erin Boase sell?

She sold 4,767 common shares on 24 Jun 2025.

At what price were the AVNW shares sold according to the Form 4?

The weighted-average sale price was $23.0745 per share.

What was the exercise price of the options used in the transaction?

The options were exercised at $11.00 per share.

How many AVNW shares does Erin Boase own after the sale?

She now directly owns 28,124 shares of Aviat Networks.

Were the transactions conducted under a Rule 10b5-1 trading plan?

Yes, the Form 4 states the trades were made pursuant to a Rule 10b5-1 plan.