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VIAVI Form 4: SVP Scrivanich disposes 8,987 VIAV shares via 10b5-1

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

VIAVI Solutions insider sale under pre-set plan. Luke M. Scrivanich, SVP General Manager OSP, reported the sale of 8,987 shares of VIAV common stock on 09/25/2025 at a weighted average price of $12.17 per share. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan established on September 11, 2024. After the reported transactions Mr. Scrivanich beneficially owns 79,335 shares, held directly. The filing includes an offer to provide detailed trade-by-trade prices and quantities upon request.

Positive

  • Transaction executed under a Rule 10b5-1 trading plan, indicating pre-authorized, scheduled trades.
  • Clear disclosure of weighted-average sale price ($12.17) and offer to provide trade-level details on request.
  • Form 4 filed by one reporting person, showing individual compliance with Section 16 reporting.

Negative

  • Direct holdings decreased by 8,987 shares, leaving the reporting person with 79,335 shares.
  • No information on percentage ownership or materiality of the sale relative to total outstanding shares is provided in the filing.

Insights

TL;DR: Routine, pre-planned insider sale; transparent reporting limits governance concern.

The sale was executed under a documented Rule 10b5-1 plan, which indicates trades were pre-authorized and likely not contemporaneous with material nonpublic information. The Form 4 discloses the weighted average sale price and remaining direct ownership of 79,335 shares, and the filer commits to provide trade-level details on request. From a governance perspective this is a routine disclosure that demonstrates compliance with Section 16 reporting requirements.

TL;DR: Insider reduced holdings by 8,987 shares; transaction appears orderly but reduces insider stake.

The reported disposition of 8,987 shares at a weighted average of $12.17 is clearly documented. While the use of a 10b5-1 plan typically mitigates concern about opportunistic timing, the filing does reflect a decrease in the reporting person’s direct holding to 79,335 shares. The filing does not provide additional context on the size of the holding relative to total outstanding shares or any planned future trades.

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).
1. Name and Address of Reporting Person*
SCRIVANICH LUKE M

(Last) (First) (Middle)
C/O VIAVI SOLUTIONS INC.
1445 SOUTH SPECTRUM BLVD, SUITE 102

(Street)
CHANDLER AZ 85286

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VIAVI SOLUTIONS INC. [ VIAV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP General Manager OSP
3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025
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 09/25/2025 S(1) 8,987 D $12.17(2) 79,335 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
Explanation of Responses:
1. Shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan dated September 11, 2024.
2. This transaction was executed in multiple trades at prices ranging from $12.08 to $12.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
/s/ Donna T. Rossi, attorney-in-fact 09/25/2025
** 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

What did the VIAV insider sell on 09/25/2025?

The reporting person sold 8,987 shares of VIAV common stock on 09/25/2025 at a weighted average price of $12.17 per share.

Was the VIAV sale part of a 10b5-1 trading plan?

Yes. The Form 4 states the shares were sold pursuant to a Rule 10b5-1 trading plan dated September 11, 2024.

How many VIAV shares does the reporting person own after the sale?

After the reported transactions the reporting person beneficially owns 79,335 shares held directly.

What price range were the VIAV shares sold at?

The transaction was executed in multiple trades at prices ranging from $12.08 to $12.27; the filing reports a weighted average price of $12.17.

Can I get detailed trade-level data for the VIAV sale?

Yes. The reporting person undertakes to provide, upon request to the SEC staff, the issuer, or a security holder, full information regarding the number of shares and prices at which the transaction was effected.
Viavi Solutions Inc

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6.92B
228.11M
Communication Equipment
Semiconductors & Related Devices
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United States
CHANDLER