Viavi SVP sells 23,911 shares at $36.37 avg
Rhea-AI Filing Summary
VIAVI SOLUTIONS INC. (VIAV) reported that officer Luke M. Scrivanich, SVP General Manager OSP, sold 23,911 shares of common stock on 2026-08-31 in an open-market transaction at a weighted average price of $36.37 per share, with individual trades between $35.89 and $36.92. Following this sale, he directly holds 39,598 shares of VIAVI common stock. The transaction is affirmed as effected under a Rule 10b5-1 trading plan, indicating it was made pursuant to a pre-arranged trading arrangement.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 23,911 shares
Net Sell
1 txn
Insider
SCRIVANICH LUKE M
Role
SVP General Manager OSP
Sold
23,911 shs ($870K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 23,911 | $36.37 | $870K |
Holdings After Transaction:
Common Stock — 39,598 shares (Direct)
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $35.89 to $36.92. 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.
Key Figures
Shares sold: 23,911 shares of Common Stock
Weighted average sale price: $36.37 per share
Sale price range: $35.89 to $36.92 per share
+1 more
4 metrics
Shares sold
23,911 shares of Common Stock
Non-derivative sale on 2026-08-31
Weighted average sale price
$36.37 per share
Open-market or private sale on 2026-08-31
Sale price range
$35.89 to $36.92 per share
Multiple trades comprising the reported transaction
Shares owned after transaction
39,598 shares
Direct ownership of Luke M. Scrivanich after sale
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The transaction is affirmed as effected under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
open market or private transaction market
"transaction code description indicates a sale in open market or private transaction"
FAQ
What insider transaction did VIAV disclose for Luke M. Scrivanich?
Luke M. Scrivanich sold 23,911 shares of VIAVI common stock on 2026-08-31 at a weighted average price of $36.37 per share in open-market trades ranging from $35.89 to $36.92, and now directly holds 39,598 shares.
Was the VIAV insider sale by Luke M. Scrivanich under a Rule 10b5-1 plan?
Yes. The transaction is affirmed as made under a Rule 10b5-1 trading plan, indicating it was executed pursuant to a pre-arranged trading arrangement rather than at the insider’s discretion at the time of sale.
What role does Luke M. Scrivanich hold at VIAV in this Form 4?
Luke M. Scrivanich is identified as an officer of VIAVI, serving as SVP General Manager OSP, in connection with the reported sale of 23,911 shares of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.