[Form 4] Viasat Inc Insider Trading Activity

Rhea-AI Filing Summary

Craig Andrew Miller, SVP and President of Viasat Government, reported an award of 45,940 restricted stock units (RSUs) on 08/17/2025 in a Form 4 filing for Viasat, Inc. (VSAT). Each RSU converts 1-for-1 into a share of common stock when vested. The award vests in three tranches subject to the reporting person’s election to defer receipt: 34% on 09/17/2026, 33% on 06/07/2027, and 33% on 06/07/2028. Until vesting the RSUs are subject to forfeiture upon termination of employment. Following the reported transaction the reporting person beneficially owns 45,940 shares represented by these units.

Positive

• Alignment with shareholders: RSUs convert 1-for-1 to common stock, tying executive compensation to long‑term equity value.
• Retention focus: Multi-year vesting schedule (2026–2028) supports executive retention over time.

Negative

• Potential dilution: Award represents issuance of 45,940 shares upon vesting, increasing outstanding shares if all tranches vest.
• Forfeiture risk noted: RSUs are subject to forfeiture upon termination until vested, indicating contingent value for the reporting person.

Insights

Corporate Governance Expert

TL;DR: Executive received time‑based RSUs totaling 45,940 shares with multi-year vesting, aligning compensation with continued service.

The Form 4 documents a standard, time‑based equity award to a senior officer that vests over 2026–2028. The award converts 1:1 into common shares and is forfeitable until vested, which is typical for retention and alignment purposes. The filing is a routine disclosure of an insider acquiring equity through compensation rather than open‑market transactions. The report clearly states the vesting percentages and dates, and that the reporting person may elect to defer receipt.

Compensation Analyst

TL;DR: 45,940 RSUs grant creates a defined future dilution schedule contingent on vesting dates and conversion to common stock.

The award totals 45,940 RSUs that will convert into the same number of common shares upon vesting. The tranche schedule (34% in 2026, 33% in 2027, 33% in 2028) phases potential dilution across three reporting periods. The Form 4 notes an election to defer receipt, which can affect timing of share issuance but not the underlying entitlement. No exercise price applies because these are restricted stock units with $0 conversion price as reported.

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

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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^*

Miller Craig Andrew

(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)
	SVP, Pres Viasat Government

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

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	(1)	08/17/2025		A		45,940		(2)	(3)	common stock	45,940	$0	45,940	D

Explanation of Responses:

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

2. Subject to the Reporting Person's election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 34% on September 17, 2026; 33% on June 7, 2027; and 33% on June 7, 2028.

3. 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 did VSAT insider Craig Andrew Miller report on Form 4?

He reported an award of 45,940 restricted stock units (RSUs) on 08/17/2025 that convert 1-for-1 to common stock.

When do the 45,940 RSUs vest for VSAT insider filings?

They vest in three tranches: 34% on 09/17/2026, 33% on 06/07/2027, and 33% on 06/07/2028.

Are the RSUs immediately transferable or subject to forfeiture?

They are subject to forfeiture until vested; termination of employment can cause forfeiture as stated in the filing.

Does the Form 4 show any cash price paid for these RSUs?

No cash price; the RSUs convert to common stock at a $0 conversion price as reported (restricted stock units).

How many shares will be issued if all RSUs vest?

If all RSUs vest and convert, 45,940 shares of Viasat common stock would be issued to the reporting person.