[144] Collegium Pharmaceutical, Inc. SEC Filing

Rhea-AI Filing Summary

Viasat Inc. (VSAT) – Form 4 insider filing

On 07 July 2025, Girish Chandran, President, Global Space Networks, reported the vesting of 8,334 restricted stock units (transaction code “M”). The RSUs converted 1-for-1 into common shares at no cost. To satisfy payroll-tax obligations, 4,488 shares were automatically surrendered to the company at $15.93 per share (code “F”), leaving a net increase of 3,846 shares in Chandran’s direct holdings.

Post-transaction ownership: 46,255 direct shares, 5,644 shares in the officer’s 401(k) and 176 in a spouse 401(k), plus 16,666 unvested RSUs remaining from the original 25,000-unit grant dated 06 Jun 2024. The next two RSU tranches are scheduled to vest on the second and third anniversaries of that grant, subject to continued employment.

No open-market purchase or sale occurred; the filing reflects routine equity-compensation vesting and tax withholding. Therefore, the signal for investors is considered neutral with limited immediate impact on Viasat’s valuation.

Positive

• Officer’s direct ownership increased by 3,846 shares, marginally enhancing alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine equity-comp vesting; neutral valuation impact.

The Form 4 shows an internal RSU conversion, not an open-market buy or sell. Although the officer’s direct stake rose by 3,846 shares, the move is automatic and tied to a pre-existing award. It neither signals aggressive insider buying nor raises liquidity concerns. With only ~4 k shares added against Viasat’s ~126 m share count, the transaction is immaterial to float or sentiment. I classify the news as neutral for investors.

Corporate Governance Specialist

TL;DR: Standard compensation event; no governance red flags.

The filing adheres to Section 16 requirements and clearly discloses tax-withholding mechanics. There are no discretionary sales, no Rule 10b5-1 plan usage, and continued ownership alignment remains intact. From a governance standpoint this is a routine disclosure with no adverse implications.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10328	332268.77	32142192	07/09/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/20/2022	Restricted Stock Vesting	Issuer			9941	05/20/2022	Compensation
Common	05/19/2023	Restricted Stock Vesting	Issuer			387	05/19/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Heffernan 100 Technology Center Drive Stoughton MA 02072	Common	07/02/2025	25000	757379.85
Michael Heffernan 100 Technology Center Drive Stoughton MA 02072	Common	07/07/2025	14210	444062.16
Michael Heffernan 100 Technology Center Drive Stoughton MA 02072	Common	07/08/2025	790	24792.05

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider transaction did Viasat (VSAT) file on 07/07/2025?

Girish Chandran reported the vesting and conversion of 8,334 RSUs into common stock.

How many shares were withheld for tax purposes and at what price?

4,488 shares were surrendered to Viasat at $15.93 per share to cover withholding taxes.

What is the officer’s total direct shareholding after the transaction?

Chandran now holds 46,255 direct VSAT common shares.

How many unvested RSUs does the officer still hold?

He retains 16,666 unvested RSUs from the original 25,000-unit grant.

Does the Form 4 indicate an open-market purchase or sale?

No. The activities were an automatic RSU conversion and tax-withholding share surrender, not open-market trades.

When will the remaining RSUs vest?

The next two tranches are scheduled on the second and third anniversaries of the 06/07/2024 grant date.