VSAT Form 4: Director Stenbit Receives 1,600 RSUs, Gifts Shares to Trust

Rhea-AI Filing Summary

John P. Stenbit, a director of Viasat Inc. (VSAT), reported transactions on Form 4 showing issuance and transfer of 1,600 shares and related restricted stock units. On 09/05/2025 Mr. Stenbit acquired 1,600 shares of common stock at $0 and was credited with 1,600 restricted stock units with an exercisable/vesting date of 09/05/2025. The filer notes those 1,600 shares were gifted to The Pietje 2012 Gift Trust. After the reported transactions the trust is shown as having 29,000 shares of beneficial ownership indirectly. The RSUs remain subject to forfeiture until vesting as described. The form is signed 09/09/2025.

Positive

• Clear disclosure of director award and transfer: the Form 4 specifies grant dates, amounts, and the recipient trust
• No cash proceeds reported: the transactions show $0 price, indicating equity grant rather than a sale

Negative

• RSUs subject to forfeiture until vested: the restricted stock units may be forfeited on termination of directorship
• Gift reduces direct ownership: 1,600 shares were transferred out of direct ownership (administrative change)

Insights

Corporate Governance Expert

TL;DR: Director received 1,600 RSUs and immediately transferred the shares into a family gift trust; standard governance disclosure.

The Form 4 documents a director-level equity award and a contemporaneous transfer to a named gift trust. This is a routine Section 16 disclosure showing non-cash grant activity (1,600 RSUs) and an interposed trust holding (29,000 shares indirect). The filing includes the standard forfeiture condition on the RSUs until vesting. There are no cash proceeds, no option exercises, and no indication of disposition to an unrelated third party; governance and disclosure obligations appear satisfied.

Securities Analyst

TL;DR: Transaction is administrative (award plus gift to trust) with limited market impact given small size relative to a public float.

The entries show acquisition of equity units at $0 (grant of RSUs) and a subsequent gift to a named trust. The beneficial ownership table reports 29,000 indirect shares attributable to the trust after the transfers. No sale or cash receipt is reported. From a securities compliance perspective this is a standard insider award and transfer disclosure rather than a liquidity or sell-down event.

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^*

STENBIT JOHN P

(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	09/09/2025		G(1)		1,600	D	$0	0	D
$.0001 par value common stock	09/09/2025		G		1,600	A	$0	29,000	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 shares were gifted to The Pietje 2012 Gift 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 VSAT director John P. Stenbit report on Form 4?

He reported acquisition of 1,600 shares and 1,600 restricted stock units on 09/05/2025 and a gift of the 1,600 shares to The Pietje 2012 Gift Trust.

How many shares does The Pietje 2012 Gift Trust beneficially own after the transactions?

The filing shows the trust with 29,000 shares of indirect beneficial ownership following the reported transactions.

Were any proceeds received by the reporting person from these transactions?

No. The transactions are reported at a price of $0, indicating a grant/gift rather than a sale for cash.

Are the restricted stock units immediately vested and transferable?

The Form 4 states the RSUs are subject to forfeiture until vested, indicating vesting contingencies tied to continued directorship.

When was the Form 4 signed and filed?

The signature block shows the form dated and signed on 09/09/2025 by Stacy Nguyen, Attorney-in-Fact.