Viavi (VIAV) insider files Form 144 to sell 13,115 common shares via Morgan Stanley
Rhea-AI Filing Summary
Form 144 filed for Viavi Solutions Inc. (VIAV) shows a proposed sale of 13,115 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $146,560.13. The filing lists the number of outstanding shares as 223,245,915 and identifies the approximate date of sale as 08/29/2025 on NASDAQ. The securities were acquired on 08/28/2025 as restricted stock from the issuer, with payment dated 08/28/2025. The filer reports no securities sold in the past three months. The filing includes the standard representation that the seller is not aware of undisclosed material adverse information and notes reliance possibilities for a Rule 10b5-1 trading plan if applicable. The issuer name and some filer contact details are not provided in the visible content.
Positive
- Execution via a registered broker: The proposed sale is to be handled by Morgan Stanley Smith Barney LLC
- No recent sales reported: The filer reports "Nothing to Report" for securities sold in the past three months
Negative
- Issuer name absent in provided excerpt: The filing content does not display the issuer name in the visible sections
- Very short interval between acquisition and proposed sale: Securities were acquired on 08/28/2025 and the approximate sale date is 08/29/2025
Insights
TL;DR: Small insider sale notice for 13,115 shares via a major broker, acquired as restricted stock one day before the proposed sale.
The filing documents a proposed Rule 144 sale of 13,115 common shares valued at $146,560.13, to be executed through Morgan Stanley Smith Barney LLC on NASDAQ. The securities were recorded as acquired from the issuer on 08/28/2025 as restricted stock with payment on the same date and an intended sale on 08/29/2025. The filer reports no sales in the prior three months. For investors, this is a routine insider notice describing a planned sale under Rule 144; the filing itself contains no performance metrics or forward-looking company data.
TL;DR: The notice reflects a compliance filing for resale of recently acquired restricted shares, with standard seller certification.
The document includes the seller's representation that they lack undisclosed material adverse information and references Rule 10b5-1 plan adoption language. The transaction is routed through an institutional broker, and the filer indicates no other disposals in the past three months. One governance note: the visible content does not show the issuer name or complete filer contact details, which limits transparency in this excerpt.