Viasat (VSAT) director Theresa Wise exercises options and sells 2,500 shares under 10b5-1
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Viasat Inc. director Theresa Wise reported a routine pre-planned option exercise and share sale. On June 8, 2026, she exercised employee stock options for 2,500 shares at $37.43 per share and sold 2,500 common shares at $69.00 per share in an open-market transaction pursuant to a Rule 10b5-1 Plan adopted on March 9, 2026. After these transactions, she directly owned 11,000 shares of Viasat common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,500 shares ($172,500)
Net Sell
3 txns
Insider
WISE THERESA
Role
null
Sold
2,500 shs ($173K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | employee stock option (right to buy) | 2,500 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 2,500 | $37.43 | $94K |
| Sale | $.0001 par value common stock | 2,500 | $69.00 | $173K |
Holdings After Transaction:
employee stock option (right to buy) — 2,500 shares (Direct, null);
$.0001 par value common stock — 13,500 shares (Direct, null)
Footnotes (1)
- Transaction pursuant to Rule 10b5-1 Plan adopted on March 9, 2026. The stock option is fully vested and currently exercisable.
Key Figures
Shares sold: 2,500 shares
Sale price: $69.00 per share
Options exercised: 2,500 options
+3 more
6 metrics
Shares sold
2,500 shares
Common stock sold in open market on June 8, 2026 at $69.00
Sale price
$69.00 per share
Open-market sale of 2,500 Viasat common shares
Options exercised
2,500 options
Employee stock options exercised into common shares on June 8, 2026
Option exercise price
$37.43 per share
Exercise price for 2,500 employee stock options
Shares held after
11,000 shares
Direct Viasat common stock ownership after transactions
Option expiration
September 3, 2026
Original expiration date of exercised employee stock option grant
Key Terms
Rule 10b5-1 Plan, employee stock option (right to buy), derivative security
3 terms
Rule 10b5-1 Plan regulatory
"Transaction pursuant to Rule 10b5-1 Plan adopted on March 9, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
employee stock option (right to buy) financial
"security_title: employee stock option (right to buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Viasat (VSAT) director Theresa Wise report?
Theresa Wise reported exercising stock options for 2,500 Viasat shares at $37.43 each and selling 2,500 common shares at $69.00 each. The filing shows a paired exercise-and-sell transaction rather than a new open-market purchase.
Was the Viasat (VSAT) insider sale by Theresa Wise part of a 10b5-1 plan?
Yes. The Form 4 footnote states the transaction was pursuant to a Rule 10b5-1 Plan adopted on March 9, 2026. Such plans pre-schedule trades, indicating the timing of this 2,500-share sale was determined in advance.
What happened to Theresa Wise’s Viasat (VSAT) stock options in this filing?
The filing shows 2,500 employee stock options, fully vested and exercisable, were exercised into 2,500 Viasat common shares. The options had a $37.43 exercise price and an expiration date of September 3, 2026 before exercise.