VSAT Form 4: Baldridge Grants 1,600 RSUs, Indirect Ownership Now 297,161 Shares

Rhea-AI Filing Summary

Viasat, Inc. (VSAT) director Richard A. Baldridge reported restricted stock unit activity on 09/05/2025. He was granted 1,600 restricted stock units that vest the same day and, upon vesting, the underlying 1,600 shares were contributed to The Baldridge Family Trust. The filing shows a related grant (code M) of 1,600 RSUs and a contemporaneous transfer (code G(1)) of 1,600 shares to the trust, plus an additional reported acquisition (code G) of 1,600 shares resulting in 297,161 shares indirectly owned via the trust. The RSUs are subject to forfeiture if his directorship terminates before vesting.

Positive

• Clear update of beneficial ownership showing indirect holdings of 297,161 shares via The Baldridge Family Trust
• Director received RSUs which aligns management and director interests with shareholders

Negative

• RSUs are subject to forfeiture if directorship terminates before vesting, limiting immediate ownership certainty

Insights

Corporate Governance Expert

TL;DR: Director received and transferred 1,600 RSUs to a family trust; indirect ownership updated, routine governance disclosure.

This Form 4 documents a routine equity award to a director and the subsequent contribution of vested shares to a family trust. The filing clarifies ownership: the director holds 297,161 shares indirectly through The Baldridge Family Trust after the transaction. The RSUs carry forfeiture risk if the directorship ends before vesting, a standard retention mechanism. There are no option exercises, sales, or cash proceeds reported; the transactions are non-cash equity movements.

Securities Analyst

TL;DR: Non-derivative and derivative entries reflect a 1,600-share RSU grant and trust transfer; immaterial market impact.

The reporting shows code M (grant of restricted stock units) for 1,600 units and code G/G(1) entries reflecting transfers to The Baldridge Family Trust. The underlying shares have a $0 reported price in the Form 4 context because these were equity compensation instruments, not open-market purchases. The net effect updates beneficial ownership disclosures but does not indicate any sale or purchase that would affect market liquidity.

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^*

BALDRIDGE RICHARD A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		M		1,600	A	$0	56,600	D
$.0001 par value common stock	09/05/2025		G(1)		1,600	D	$0	55,000	D
$.0001 par value common stock	09/05/2025		G		1,600	A	$0	297,161	I	By Trust

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	09/05/2025		M			1,600	09/05/2025	(2)	common stock	1,600	$0	0	D

Explanation of Responses:

1. These restricted stock units were granted to Richard A. Baldridge, a Director of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.

2. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.

	Stacy Nguyen, Attorney-in-Fact	09/09/2025
	** 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 Richard A. Baldridge report on Form 4 for VSAT?

He reported a grant of 1,600 restricted stock units on 09/05/2025 and transfers of the underlying shares to The Baldridge Family Trust.

How many VSAT shares does Baldridge beneficially own after this transaction?

297,161 shares are reported as indirectly owned through The Baldridge Family Trust following the transactions.

Were any shares sold or purchased for cash in this Form 4?

No cash purchases or sales were reported; the entries reflect RSU grants and transfers with a $0 reported price.

What is the forfeiture condition attached to these RSUs?

The RSUs are subject to forfeiture if the reporting person's directorship with Viasat terminates prior to vesting.

When were the transactions executed?

Transaction date: 09/05/2025; form signed by attorney-in-fact on 09/09/2025.