VIAV Form 4: Richard Belluzzo disposes 8,387 shares; 217,154 remain

Rhea-AI Filing Summary

VIAVI Solutions director Richard Belluzzo reported a sale of company stock under a pre-established trading plan. On 10/01/2025 Mr. Belluzzo disposed of 8,387 shares of VIAV common stock under a Rule 10b5-1 trading plan dated February 4, 2025, at a weighted-average price of $12.63 per share. After the reported sale, he beneficially owns 217,154 shares, which include 83,292 shares held in trust for his family for which he has sole voting and investment power. The Form 4 was filed as a single reporting person filing and signed by an attorney-in-fact.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating pre-specified trading and reduced concern about opportunistic timing.
• Substantial remaining beneficial ownership of 217,154 shares, including 83,292 shares held in trust where the reporting person retains sole voting and investment power.
• Transparent disclosure of weighted-average sale price range ($12.50–$12.73) and undertaking to provide full trade details on request.

Negative

• Insider disposition of 8,387 shares may be viewed negatively by some investors despite use of a trading plan.
• Sale executed at modest prices ($12.50–$12.73), which could be interpreted as partial realization of gains or rebalancing.

Insights

Financial Analyst

TL;DR: A director sold a modest stake under a Rule 10b5-1 plan; substantial holdings remain.

The reported 8,387-share sale is an executed transaction under a pre-established 10b5-1 plan, reducing Mr. Belluzzo's direct beneficial position to 217,154 shares. The weighted-average sale price of $12.63 reflects multiple trades between $12.50 and $12.73. This disclosure is routine for insiders using trading plans and provides transparency about timing and execution. The remaining position, including 83,292 trust-held shares with sole voting and investment power, indicates continued alignment with shareholder outcomes.

Corporate Governance Expert

TL;DR: Transaction follows a documented trading plan and was properly disclosed; governance protocols observed.

The Form 4 shows the sale was conducted pursuant to a documented Rule 10b5-1 plan dated February 4, 2025, which helps insulate the director from accusations of opportunistic trading. The filing was made by one reporting person and executed via attorney-in-fact, consistent with common governance practices. The retained holdings and trust arrangement are disclosed, clarifying voting and investment authority and supporting transparency for investors and regulators.

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^*

BELLUZZO RICHARD

(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)
10/01/2025

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	10/01/2025		S(1)		8,387	D	$12.63(2)	217,154(3)	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 February 4, 2025.

2. This transaction was executed in multiple trades at prices ranging from $12.50 to $12.73. 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.

3. Includes 83,292 shares held in trust for the benefit of Mr. Belluzzo's family, for which Mr. Belluzzo has sole voting and investment power.

	/s/ Donna T. Rossi, attorney-in-fact	10/01/2025
	** 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 transaction did Richard Belluzzo report on Form 4 for VIAV?

He reported the sale of 8,387 shares of VIAVI common stock on 10/01/2025 executed under a Rule 10b5-1 plan.

At what price were the VIAV shares sold?

The transaction was executed in multiple trades at prices ranging from $12.50 to $12.73, with a weighted-average price of $12.63.

How many VIAV shares does Mr. Belluzzo beneficially own after the sale?

He beneficially owns 217,154 shares following the reported transaction.

Does the Form 4 disclose any trust holdings for Mr. Belluzzo?

Yes, the filing states it includes 83,292 shares held in trust for his family, for which he has sole voting and investment power.

Was the sale part of a pre-authorized trading plan?

Yes, the shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan dated February 4, 2025.