Benjamin Palmer sells VSAT stock, reports $1.56M proceeds (NASDAQ: VSAT)

Rhea-AI Filing Summary

Benjamin Edward Palmer reported proposed and completed sales of Common Stock of VSAT. The filing lists a proposed sale of 2,400 restricted shares dated 05/31/2024 and three completed transactions: 21,408 shares on 06/02/2026 for $1,564,740.69, 2,400 shares on 06/01/2026 for $193,416.00, and 2,400 shares on 05/01/2026 for $159,888.00. The cover lists an issuer-related figure of 136,568,953 (context provided).

Insights

Insider Transactions Analyst

Insider reported multiple sales totaling disclosed proceeds of $1.92M and a proposed resale of restricted shares.

The filing shows 21,408 shares sold on 06/02/2026 for $1,564,740.69 plus two earlier sales of 2,400 shares each on 06/01/2026 and 05/01/2026 with proceeds shown. These are reported dispositions by an affiliate.

Cash proceeds are listed per transaction. Subsequent filings or broker confirmations would show settlement details; timing and any trading plan are not stated in the excerpt.

Key Figures

Sale - 06/02/2026: 21,408 shares Proceeds - 06/02/2026: $1,564,740.69 Sale - 06/01/2026: 2,400 shares +3 more

6 metrics

Sale - 06/02/2026 21,408 shares sale dated 06/02/2026 for $1,564,740.69

Proceeds - 06/02/2026 $1,564,740.69 proceeds reported for 21,408-share sale on 06/02/2026

Sale - 06/01/2026 2,400 shares sale dated 06/01/2026 for $193,416.00

Sale - 05/01/2026 2,400 shares sale dated 05/01/2026 for $159,888.00

Restricted shares listed 2,400 shares Securities To Be Sold dated 05/31/2024 (Restricted Stock)

Issuer-related figure 136,568,953 figure listed in cover/issuer information (07/01/2026) as shown in excerpt

Key Terms

Form 144, Restricted Stock, Proceeds

3 terms

Form 144 regulatory

"144: Securities Sold During The Past 3 Months"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock financial

"Common | 05/31/2024 | Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Proceeds financial

"06/02/2026 | 21408 | 1564740.69"

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Available on EDGAR 07/01/2026 - 04:21 PM Accepted by SEC EDGAR 07/01/2026 - 04:21 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2400	213096.00	136568953	07/01/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/31/2024	Restricted Stock	ISSUER			2400	05/31/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BENJAMIN EDWARD PALMER 6155 El Camino Real Carlsbad CA 92009	Common	06/02/2026	21408	1564740.69
BENJAMIN EDWARD PALMER 6155 El Camino Real Carlsbad CA 92009	Common	06/01/2026	2400	193416.00
BENJAMIN EDWARD PALMER 6155 El Camino Real Carlsbad CA 92009	Common	05/01/2026	2400	159888.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the VSAT Form 144 filed by Benjamin Edward Palmer disclose?

It discloses completed sales of Common Stock and a proposed resale of restricted shares. Specifically, it lists sales of 21,408 shares (06/02/2026), 2,400 shares (06/01/2026), and 2,400 shares (05/01/2026), plus a proposed sale of 2,400 restricted shares dated 05/31/2024.

How much proceeds were reported for the largest sale on the filing?

The largest disclosed sale shows proceeds of $1,564,740.69. That amount corresponds to the reported sale of 21,408 shares on 06/02/2026 as listed in the filing excerpt.

Does the filing state whether VSAT receives proceeds from these transactions?

The filing lists transaction proceeds received by the selling holder. It does not state that VSAT receives proceeds; the amounts are tied to the seller's transactions in the excerpt.

What restricted shares are noted in the filing for potential sale?

The excerpt identifies 2,400 restricted shares dated 05/31/2024 listed under 'Securities To Be Sold.' The line labels these as Restricted Stock with the issuer noted as the source.