Viavi (VIAV) Insider Transfer: 3,164 Shares Disposed by EVP McNab
Rhea-AI Filing Summary
Paul McNab, EVP, Chief Mktg & Stgy Officer of Viavi Solutions Inc. (VIAV), reported a disposition of company common stock on 09/10/2025. The Form 4 shows a transaction coded "G" for 3,164 shares transferred in an exempt transaction at a reported price of $0, leaving Mr. McNab with 48,482 shares beneficially owned following the reported transaction. The filing lists an attorney-in-fact signature dated 09/10/2025. The form documents the change in insider ownership but does not provide details on the recipient, rationale, or any cash consideration beyond the exempt-transaction note.
Positive
- Timely disclosure of insider ownership change filed as required under Section 16
- Clear post-transaction holding reported: 48,482 shares beneficially owned after the transaction
Negative
- Insufficient detail on the nature of the exempt transaction and the recipient of the transferred shares
- Reported price $0 with no explanation of economic consideration limits assessment of materiality
Insights
TL;DR: Insider reported a non-cash transfer of 3,164 shares, reducing holdings to 48,482 shares; this filing is routine disclosure.
The Form 4 discloses a disposal coded "G" for 3,164 shares executed 09/10/2025 with a reported price of $0 and a post-transaction beneficial holding of 48,482 shares. Code "G" is described in the form as an exempt transaction and the explanation confirms the shares were transferred pursuant to an exempt transaction. There is no information in the filing about counterparty, purpose, or any cash proceeds, limiting assessment of economic impact. For investors, this is a factual update on insider ownership with no additional financial metrics provided.
TL;DR: Disclosure complies with Section 16 reporting; transaction appears administrative or exempt rather than a market sale.
The reporter is identified as an officer (EVP, Chief Mktg & Stgy Officer) and the Form 4 was timely filed to show a change in beneficial ownership. The filing includes an attorney-in-fact signature, indicating the filing was executed by a designated representative. The explanatory note states the shares were transferred pursuant to an exempt transaction and that price is listed as not applicable. The form lacks details about the nature of the exemption or recipient, so governance implications are limited to transparency of the transfer itself.