VSAT Form 4 — Executive Receives 5,000 Shares, Ownership Corrected

Rhea-AI Filing Summary

Viasat, Inc. (VSAT) Form 4 reports insider transactions by Benjamin Edward Palmer, President, Maritime. On 08/17/2025 Mr. Palmer received 5,000 common shares through conversion/issuance (reported as a non-derivative acquisition at $0) and had 2,350 shares withheld by the issuer to satisfy tax-withholding at an effective price of $27.10 per share. Following these transactions the reporting person beneficially owned 30,611 shares, reflecting a correction that reduced prior reported ownership by 500 shares. The filing also lists vested restricted stock units and remaining unvested units subject to forfeiture.

Insights

Securities Analyst

TL;DR: Insider received vested equity and had shares withheld for taxes; ownership corrected downward by 500 shares—routine executive compensation activity.

The Form 4 shows conversion/issuance of 5,000 shares (code M) and tax withholding of 2,350 shares (code F) at $27.10 per share, which were not sold but offset against vested awards. The report includes a correction reducing previously reported beneficial ownership by 500 shares, indicating an administrative adjustment to prior disclosure. Overall, these are compensation-related movements rather than open-market trades; they have limited immediate market impact but are relevant for tracking insider ownership and dilution.

Corporate Governance Expert

TL;DR: Transactions reflect standard equity compensation vesting and tax withholding with an ownership correction; governance implications are administrative.

The filing documents scheduled vesting mechanics for restricted stock units awarded in 2023 and their conversion schedule, including remaining unvested tranches and forfeiture provisions. The corrected ownership figure (500-share reduction) should be noted by compliance teams to ensure historical accuracy of insider holdings. These items are procedural and do not indicate a change in control or material corporate event.

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

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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^*

Palmer Benjamin Edward

(Last) (First) (Middle)

6155 EL CAMINO REAL

(Street)

CARLSBAD CA 92009

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VIASAT INC [ VSAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Maritime

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2025

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
$.0001 par value common stock	08/17/2025		M		5,000	A	$0	32,961(1)	D
$.0001 par value common stock	08/17/2025		F(2)		2,350	D	$27.1	30,611	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
restricted stock unit	$0	08/17/2025		M			5,000	(3)	(6)	common stock	5,000	$0	10,000	D
restricted stock unit	(4)	08/17/2025		M			45,940	(5)	(6)	common stock	45,940	$0	45,940	D

Explanation of Responses:

1. The number of shares of common stock beneficially owned following the transactions reported herein reflects a correction to the Reporting Person's total share ownership, which was inadvertently overstated by 500 shares on the Form 4 filed June 10, 2025.

2. This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.

3. The original award was for 20,000 restricted stock units on 08/17/2023. Subject to the Reporting Person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer (on a 1-for-1 basis) in four (4) equal annual installments beginning on 08/17/2024.

4. Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.

5. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 34% on August 17, 2026; 33% on June 7, 2027; and 33% on June 7, 2028.

6. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.

	Stacy Nguyen, Attorney-in-Fact	08/19/2025
	** 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.
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FAQ

What transactions did Benjamin Edward Palmer report on the Form 4 for VSAT?

He reported the acquisition of 5,000 common shares (conversion/issuance) and the disposition of 2,350 shares withheld for tax withholding on 08/17/2025.

How many VSAT shares does the reporting person beneficially own after the transactions?

The filing reports 30,611 shares beneficially owned following the reported transactions.

Why were 2,350 VSAT shares disposed of by the reporting person?

Those shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligation and were not sold on the market.

Was there any correction to prior insider ownership reported in this Form 4?

Yes. The filing states a correction reducing previously reported total share ownership by 500 shares from the Form 4 filed on June 10, 2025.

What is the vesting schedule for the original restricted stock unit award referenced in the filing?

The original 20,000 restricted stock units (awarded 08/17/2023) vest in four equal annual installments beginning 08/17/2024, with specified remaining tranches converting at 34% on 08/17/2026, 33% on 06/07/2027, and 33% on 06/07/2028.