Viavi (VIAV) Insider: Paul McNab Reports 3,065-Share Transfer
Rhea-AI Filing Summary
Viavi Solutions (VIAV) insider transaction: Paul McNab, EVP, Chief Marketing & Strategy Officer and director, reported a disposition of 3,065 shares on 09/09/2025 via an exempt transaction, at $0 reported price (not applicable). After the transaction he beneficially owns 51,646 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- None.
Negative
- Disposition of 3,065 shares by a senior executive was reported, reducing the reporting person's holdings from approximately 54,711 to 51,646 shares.
- No price or proceeds disclosed (price shown as $0 and noted as not applicable), limiting transparency about the economic terms of the transaction.
Insights
TL;DR: Insider sale of a small portion of holdings; no additional context on reason or price provided.
The filing shows an exempt disposition of 3,065 shares by a senior executive who remains a meaningful shareholder with 51,646 shares after the sale. Because the reported price is indicated as $0 and the transaction is labeled exempt, the Form 4 lacks pricing or proceeds detail, limiting assessment of timing or tax/plan-driven motives. On its face this is a routine insider share transfer rather than a disclosed open-market sale.
TL;DR: Routine reporting compliance for an officer/director; transaction appears non-economically informative.
The report fulfills Section 16 reporting requirements for an officer who is also a director. The use of an exempt transaction code and an attorney-in-fact signature are typical in administrative transfers or plan-related movements. Without commentary on the exemption type or supporting documentation, the filing does not signal a governance concern but also provides limited insight into intent.