Viasat SVP exercises options, sells 23,808 shares
Viasat Inc. senior vice president Benjamin Edward Palmer exercised stock options and sold shares in pre-planned transactions.
Rhea-AI Filing Summary
Viasat Inc. senior vice president Benjamin Edward Palmer exercised stock options and sold shares in pre-planned transactions. On June 2, 2026, he exercised options to acquire 21,408 shares of common stock at $15.96 per share, then sold 21,408 shares at a weighted average price of $73.0914 under a Rule 10b5-1 trading plan.
On June 1, 2026, he also sold 2,400 shares at $80.59 per share in open-market trades. After these transactions, he held 18,231 shares of Viasat common stock directly. A related option award remains partly unexercisable until October 9, 2026, subject to specified stock price thresholds.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Palmer Benjamin Edward
Role
SVP, Pres Commercial
Sold
23,808 shs ($1.76M)
Approx. gross sale proceeds
$1.76M
Approx. exercise cost
$342K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | employee stock option (right to buy) | 21,408 | $0.00 | $0.00 |
| Exercise | $.0001 par value common stock | 21,408 | $15.96 | $342K |
| Sale | $.0001 par value common stock | 21,408 | $73.0914 | $1.56M |
| Sale | $.0001 par value common stock | 2,400 | $80.59 | $193K |
Holdings After Transaction:
employee stock option (right to buy) — 23,592 contracts (Direct);
$.0001 par value common stock — 18,231 shares (Direct)
Footnotes (3)
- F1. Transaction pursuant to Rule 10b5-1 Plan adopted on December 11, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.535 to $73.435. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The option becomes exercisable with respect to the remaining shares on October 9, 2026, subject to the achievement of certain stock price thresholds described in the option award.
Key Figures
Shares sold total: 23,808 shares
Primary sale size: 21,408 shares
Secondary sale: 2,400 shares
+4 more
7 metrics
Shares sold total
23,808 shares
Open-market sales on June 1–2, 2026
Primary sale size
21,408 shares
Sold at weighted average $73.0914 on June 2, 2026
Secondary sale
2,400 shares
Sold at $80.59 on June 1, 2026
Option exercise
21,408 shares at $15.96
Common stock acquired via option exercise on June 2, 2026
Shares held after
18,231 shares
Direct common stock ownership following reported transactions
Option expiration
October 9, 2029
Employee stock option expiration date
10b5-1 plan adoption
December 11, 2025
Date trading plan governing these transactions was adopted
Key Terms
Rule 10b5-1 Plan, weighted average price, employee stock option (right to buy), derivative security, +1 more
5 terms
Rule 10b5-1 Plan regulatory
"Transaction pursuant to Rule 10b5-1 Plan adopted on December 11, 2025."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
stock price thresholds financial
"subject to the achievement of certain stock price thresholds described in the option award."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Viasat (VSAT) executive Benjamin Palmer do in this Form 4?
Benjamin Palmer exercised stock options and sold common shares. He acquired 21,408 shares at $15.96 each, then sold 21,408 shares around $73.09 and 2,400 shares at $80.59, all as part of reported transactions.
Were Benjamin Palmer’s Viasat (VSAT) trades under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were made under a Rule 10b5-1 trading plan adopted on December 11, 2025. Such plans pre-schedule trades, making their timing more routine and less discretionary for the insider.
What are the key terms of Benjamin Palmer’s Viasat (VSAT) stock option in this filing?
The employee stock option had an exercise price of $15.96 per share and expires on October 9, 2029. A footnote explains remaining option shares become exercisable on October 9, 2026, if certain stock price thresholds described in the award are achieved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
