Viavi (VIAV) Insider Sale: 11,873 Shares Sold Under 10b5-1 Plan
Rhea-AI Filing Summary
Luke M. Scrivanich, SVP General Manager OSP at Viavi Solutions (VIAV), sold 11,873 shares on 08/29/2025 under a Rule 10b5-1 trading plan. The sales were executed in multiple trades at prices ranging from $11.10 to $11.27, with a reported weighted average sale price of $11.18. After the reported disposals, the reporting person beneficially owned 66,836 shares. The Form 4 indicates the transaction was made pursuant to a 10b5-1 plan dated September 11, 2024, and the filing was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Transaction executed under a Rule 10b5-1 plan, indicating a pre-established trading arrangement and compliance with insider-trading procedures
- Full disclosure of weighted average sale price range ($11.10 to $11.27) and number of shares sold (11,873) provides transparency
Negative
- Insider disposed of 11,873 shares, reducing beneficial ownership to 66,836 shares
- Sale represents a notable reduction in the reporting person's stake (explicit remaining holdings shown)
Insights
TL;DR: Insider sale executed under an established 10b5-1 plan reduces governance concerns but lowers the officer's stake.
The filing documents a non-derivative sale of 11,873 common shares by an officer of Viavi Solutions pursuant to a Rule 10b5-1 plan dated September 11, 2024. Trades occurred at prices between $11.10 and $11.27, with a weighted average of $11.18, and left the reporting person with 66,836 shares. From a governance standpoint, use of a pre-established trading plan signals adherence to insider trading controls and provides affirmative defense protections. The transaction itself is routine and disclosed timely via Form 4.
TL;DR: The sale is material to the insider but not necessarily materially informative about company fundamentals.
This Form 4 shows an officer-initiated disposal executed under a documented 10b5-1 program, reporting both the number of shares sold and remaining beneficial ownership. The weighted average sale price is explicitly reported and the filing provides that trade details can be furnished on request. The disclosure is clear and complies with Section 16 reporting requirements; it does not include derivative activity or other compensatory transactions.