Form 4: 6,768 RSUs convert to VIAVI (VIAV) common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VIAVI Solutions (VIAV) Form 4: A company director reported the vesting and settlement of restricted stock units into 6,768 shares of common stock on 11/07/2025. The transaction was coded “M,” indicating a conversion of derivatives, with the shares acquired at $0 per share. Following the transaction, the director beneficially owns 6,768 common shares directly, and holds 0 RSUs. The RSUs convert 1-for-1 into common stock and vest on the earlier of the one-year grant anniversary or the next annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,768 shares exercised/converted
Mixed
2 txns
Insider
Burns Richard John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 6,768 | $0.00 | -- |
| Exercise | Common Stock | 6,768 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 6,768 shares (Direct)
Footnotes (1)
- Each stock unit converts upon vesting into one share of common stock. 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. There are no expiration dates on RSUs.
FAQ
What did VIAVI (VIAV) report on this Form 4?
A director reported an RSU conversion into 6,768 shares of common stock on 11/07/2025.
What is the director’s ownership after the transaction?
Beneficial ownership is 6,768 common shares directly, with 0 RSUs remaining.
What do the RSU terms state about conversion and vesting?
Each RSU converts into one share upon vesting; units vest on the earlier of the one-year grant anniversary or the next annual meeting.
What does transaction code 'M' indicate on a Form 4?
Code M indicates the exercise or conversion of a derivative security, here RSUs into common stock.