VSAT Form 4: 25,000-share sale and 26,048 RSU conversion reported

Rhea-AI Filing Summary

Chase Garrett L., SVP and Chief Financial Officer of Viasat, Inc. (VSAT), reported multiple transactions on September 15–16, 2025. The filing shows a sale of 25,000 shares on 09/15/2025 at $33.33 per share, leaving 18,377 shares beneficially owned. On 09/16/2025, 26,048 restricted stock units vested and were converted to common stock with 26,048 shares issued to the reporting person (reported as acquisition at $0 due to vesting), and 11,654 shares were disposed on 09/16/2025 at $31.69. The filing also shows 657 shares held indirectly via a 401(k). The original RSU grant was 78,143 units awarded 09/16/2024 that vest one-third annually and remain subject to forfeiture until vested.

Positive

• RSU vesting documented with conversion of 26,048 restricted stock units to common shares, increasing holdings from vested awards
• Tax withholding handled via share withholding (shares withheld to satisfy tax obligations rather than an open-market sale of vested shares)

Negative

• Sale of 25,000 shares on 09/15/2025 at $33.33 reduced direct beneficial ownership to 18,377 shares
• Disposition of 11,654 shares on 09/16/2025 at $31.69 further decreased reported direct holdings

Insights

Financial Analyst

TL;DR: Routine executive equity vesting and a single significant sale; no new compensation terms or debt changes disclosed.

The filing documents common insider activity: a large portion of a vesting RSU award converted into shares and a contemporaneous open-market sale of 25,000 shares at $33.33. The conversion of 26,048 RSUs increases reportable holdings while the sale reduced direct holdings to 18,377 shares. Such transactions are consistent with scheduled equity vesting and tax-withholding mechanics rather than novel corporate actions. The data are specific to the reporting person and do not disclose company-wide financial impacts.

Corporate Governance Expert

TL;DR: Disclosure shows standard executive compensation vesting and tax withholding; transactions appear procedural and properly reported.

The form indicates the RSU grant terms (78,143 units, 1/3 annual vesting) and that shares were withheld to satisfy tax obligations rather than sold by the reporting person. The signature by an attorney-in-fact is included. There is no indication of unusual timing, related-party transactions, or amendments to governance arrangements in this filing. The information pertains to an individual officer-level holder and compliance with Section 16 reporting.

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).

1. Name and Address of Reporting Person^*

Chase Garrett L.

(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, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		S		25,000	D	$33.33	18,377	D
$.0001 par value common stock	09/16/2025		M		26,048	A	$0	44,425	D
$.0001 par value common stock	09/16/2025		F(1)		11,654	D	$31.69	32,771	D
$.0001 par value common stock								657	I	By 401(k)

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	09/16/2025		M			26,048	(2)	(3)	common stock	26,048	$0	52,095	D

Explanation of Responses:

1. This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.

2. The original restricted stock unit grant was for 78,143 restricted stock units on 09/16/2024. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/3 on the first anniversary of the grant date; 1/3 on the second anniversary of the grant date; and 1/3 on the third anniversary of the grant date.

3. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.

	/s/ Stacy Nguyen, Attorney-in-Fact	09/17/2025
	** 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).
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FAQ

What insider transactions did VSAT CFO Chase Garrett L. report on Form 4?

The CFO reported a sale of 25,000 shares on 09/15/2025 at $33.33, vesting/conversion of 26,048 RSUs on 09/16/2025, and a disposition of 11,654 shares on 09/16/2025 at $31.69.

How many restricted stock units were originally granted to the reporting person?

The original grant was 78,143 restricted stock units awarded on 09/16/2024, vesting one-third on each anniversary for three years.

Did the Form 4 indicate shares were withheld for taxes?

Yes. The filing explains that some shares were withheld by the issuer to satisfy tax withholding obligations rather than sold by the reporting person.

What is the reporting person’s ownership after these transactions?

Following the reported transactions the form lists 18,377 shares beneficially owned directly after the 09/15/2025 sale and shows total direct holdings of 52,095 shares when including converted RSU underlying shares as reported in the derivative section.

Are any shares held indirectly?

Yes. The filing reports 657 shares held indirectly via a 401(k).

Are the vested RSUs subject to forfeiture prior to vesting?

Yes. The filing states the restricted stock units are subject to forfeiture until vested if employment or service terminates.