VSAT Form 4: Sean Pak Transfers 1,600 Vested RSUs to Revocable Trust

Rhea-AI Filing Summary

Sean Pak, a director of Viasat, Inc. (VSAT), reported equity transactions on 09/05/2025. He received 1,600 restricted stock units (RSUs) that became exercisable/vested on that date and were reported as acquired at a $0 price. Upon vesting, the shares were contributed to the Sean S. Pak and Caroline K. Shin Revocable Trust dated April 29, 2015. The filing notes that until vesting the RSUs were subject to forfeiture if his directorship terminated.

The Form 4 shows a mix of direct and indirect ownership: the transaction added 1,600 shares directly and reflects 14,200 shares indirectly owned via trust after the reported activity. The form was signed by an attorney-in-fact on 09/09/2025.

Positive

• 1,600 RSUs vested, indicating the director earned equity compensation tied to service
• Vested shares contributed to a revocable trust, clarifying indirect ownership and succession planning

Negative

• RSUs were subject to forfeiture until vesting, tied to continued service as director
• No cash purchase or sale reported; transaction recorded at $0 which provides limited liquidity impact information

Insights

Financial Analyst

TL;DR: Director received 1,600 RSUs vested on 09/05/2025 and transferred the vested shares to a revocable trust.

The grant and immediate vesting of 1,600 RSUs is a non-cash equity compensation event reported at $0 price, indicating standard executive/director equity awards rather than an open-market purchase or sale. The contribution of vested shares into a revocable trust changes the reporting form of ownership from direct to indirect for those shares, consistent with estate planning or holding preferences. The filing contains no cash proceeds or exercised options and no sale activity.

Corporate Governance Expert

TL;DR: Vested RSUs were transferred to a revocable trust; awards remain subject to forfeiture until vesting per disclosure.

The disclosure that RSUs were subject to forfeiture until vesting is a standard retention clause tied to continued service as a director. Contribution of shares to a named revocable trust is a common post-vesting ownership structuring step and creates indirect beneficial ownership that must be reported. There are no departures, related-party transactions beyond the trust, or governance red flags disclosed in this Form 4.

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^*

Pak Sean

(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	1,600	D
$.0001 par value common stock	09/05/2025		G(1)		1,600	D	$0	0	D
$.0001 par value common stock	09/05/2025		G		1,600	A	$0	14,200	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. The restricted stock unit was granted to Sean Pak a Director of Viasat, Inc. Upon vesting the shares were contributed to the Sean S. Pak and Caroline K. Shin Revocable Trust dated April 29, 2015.

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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Sean Pak report on Form 4 for VSAT?

He reported the vesting/acquisition of 1,600 restricted stock units (RSUs) on 09/05/2025, which were contributed to his revocable trust.

How many shares does Sean Pak beneficially own after the reported transactions?

The filing reports 14,200 shares indirectly owned following the reported transactions, held via the named trust.

Were any shares sold by Sean Pak in this Form 4?

No. The Form 4 shows acquisitions/vesting at a $0 price and does not report any disposals or sales.

Are the RSUs immediately transferable according to the filing?

The filing states the RSUs were subject to forfeiture until vested; upon vesting they were contributed to the revocable trust.

When was the Form 4 signed and filed?

The signature by attorney-in-fact is dated 09/09/2025 as shown on the form.