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Viavi (VIAV) Form 4: Director Richard Burns awarded 6,768 RSUs

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Richard John Burns, a director of Viavi Solutions Inc. (VIAV), was granted 6,768 restricted stock units (RSUs) on 08/28/2025. The award carries a $0 purchase price and results in 6,768 shares of common stock beneficially owned following the transaction, held directly. The RSUs vest on the earlier of the one-year anniversary of the grant or the company’s next annual meeting of stockholders, and the RSUs have no expiration date. The Form 4 was signed by Donna T. Rossi as attorney-in-fact on 08/29/2025 and was filed as a single reporting person filing.

Positive

  • Grant of 6,768 RSUs increases director alignment with shareholders by converting compensation into equity
  • Vesting schedule is time-based (earlier of one year or next annual meeting), encouraging retention
  • No expiration on RSUs provides straightforward mechanics for the award

Negative

  • None.

Insights

TL;DR: Routine director compensation: a grant of 6,768 RSUs with standard vesting tied to time or the next annual meeting.

This Form 4 documents a customary equity award to a director, providing alignment with shareholder interests through ownership rather than cash. The grant vests on the earlier of one year or the next annual meeting, which is typical for non-executive director awards to encourage retention and continued service. The award carries no exercise price and no expiration on the RSUs, consistent with restricted stock unit mechanics rather than option grants. This filing does not disclose any sale or purchase for cash, change in control provisions, or accelerated vesting conditions beyond the stated vesting schedule.

TL;DR: Non-material insider transaction: issuance of 6,768 RSUs to a director, increasing direct beneficial ownership by the same amount.

From an investor-impact perspective, this is a routine insider grant for compensation purposes and is unlikely to be material to VIAV’s capital structure or valuation given the modest share count disclosed. The Form 4 confirms direct ownership of the underlying common shares following grant and provides clarity on vesting timing and lack of expiration. No cash consideration, dispositions, or derivative activity are reported in this filing.

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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Burns Richard John

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025
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
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
Restricted Stock Unit $0 08/28/2025 A 6,768 (1) (2) Common Stock 6,768 $0 6,768 D
Explanation of Responses:
1. Units subject to the award shall vest on the earlier of the one year anniversary of the grant or the next Annual Meeting of Stockholders.
2. There are no expiration dates on RSUs.
/s/ Donna T. Rossi, attorney-in-fact 08/29/2025
** 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 VIAV director Richard John Burns receive on 08/28/2025?

He was granted 6,768 restricted stock units (RSUs) that convert to common stock and are reported as 6,768 shares beneficially owned after the grant.

When do the RSUs granted to Richard John Burns vest?

The RSUs vest on the earlier of the one-year anniversary of the grant or the next Annual Meeting of Stockholders.

Was any cash paid for the RSUs reported on the Form 4?

No cash was paid; the RSUs carry a $0 purchase price as disclosed in the filing.

Does the filing indicate expiration dates for the RSUs?

The filing states that there are no expiration dates on the RSUs.

Who signed the Form 4 for this transaction?

The Form 4 was signed by Donna T. Rossi, attorney-in-fact on 08/29/2025.
Viavi Solutions Inc

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VIAV Stock Data

4.08B
219.47M
1.61%
99.26%
4.27%
Communication Equipment
Semiconductors & Related Devices
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United States
CHANDLER