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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | restricted stock unit | 26,048 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 26,048 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 11,654 | $31.69 | $369K |
| Sale | $.0001 par value common stock | 25,000 | $33.33 | $833K |
| holding | $.0001 par value common stock | -- | -- | -- |
Footnotes (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. 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. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
