Viasat (VSAT) CEO’s trust sells 400K shares as new RSUs are granted
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Viasat Inc.’s Chairman and CEO Mark Dankberg reported several stock transactions involving common shares and restricted stock units. A family trust associated with him sold 400,000 shares of Viasat common stock in open‑market transactions on June 8, 2026 at prices between about $63 and $69 per share, under a pre‑arranged Rule 10b5‑1 trading plan. After these sales, the trust held 1,367,161 shares of common stock.
On June 7, 2026, Dankberg exercised restricted stock units to acquire a total of 102,506 common shares directly, with 55,303 shares withheld to cover tax obligations rather than sold. He also received a new grant of 103,621 restricted stock units and made bona fide gifts totaling 94,406 shares. Following these transactions, he held 21,011 common shares directly and additional shares through the trust and a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Large pre‑planned CEO sale offset by new awards and exercises.
The filing shows a trust associated with Viasat’s CEO selling 400,000 common shares in open‑market trades on June 8, 2026. These transactions were executed under a Rule 10b5‑1 trading plan, indicating they were scheduled in advance rather than timed opportunistically.
On June 7, 2026, Dankberg exercised restricted stock units to obtain 102,506 shares, with 55,303 shares withheld to satisfy tax obligations. He also received a new grant of 103,621 restricted stock units and made gifts totaling 94,406 shares, which are non‑economic transfers.
After the sales, the trust still held 1,367,161 shares, and Dankberg held 21,011 shares directly, plus a 401(k) position and unvested units. Overall, this is a net‑sell event in dollar terms, but the pre‑planned nature and continued large holdings suggest a routine portfolio and compensation adjustment rather than a clear change in outlook.
Insider Trade Summary 10b5-1
Net Seller: 400,000 shares ($25,903,224)
Net Sell
18 txns
Insider
DANKBERG MARK D
Role
Chairman and CEO
Sold
400,000 shs ($25.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | $.0001 par value common stock | 115,035 | $63.9514 | $7.36M |
| Sale | $.0001 par value common stock | 149,580 | $64.5604 | $9.66M |
| Sale | $.0001 par value common stock | 120,895 | $65.4784 | $7.92M |
| Sale | $.0001 par value common stock | 10,390 | $66.4792 | $691K |
| Sale | $.0001 par value common stock | 4,100 | $69.00 | $283K |
| Exercise | restricted stock unit | 21,011 | $0.00 | -- |
| Exercise | restricted stock unit | 46,569 | $0.00 | -- |
| Exercise | restricted stock unit | 34,926 | $0.00 | -- |
| Grant/Award | restricted stock unit | 103,621 | $0.00 | -- |
| Exercise | $.0001 par value common stock | 21,011 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 11,336 | $67.18 | $762K |
| Exercise | $.0001 par value common stock | 46,569 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 25,124 | $67.18 | $1.69M |
| Exercise | $.0001 par value common stock | 34,926 | $0.00 | -- |
| Tax Withholding | $.0001 par value common stock | 18,843 | $67.18 | $1.27M |
| Gift | $.0001 par value common stock | 47,203 | $0.00 | -- |
| Gift | $.0001 par value common stock | 47,203 | $0.00 | -- |
| holding | $.0001 par value common stock | -- | -- | -- |
Holdings After Transaction:
$.0001 par value common stock — 1,367,161 shares (Indirect, By Trust);
restricted stock unit — 21,010 shares (Direct, null);
$.0001 par value common stock — 21,011 shares (Direct, null)
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 restricted stock unit was granted to Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust. Transaction pursuant to Rule 10b5-1 Plan adopted on March 9, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.22 to $64.21. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.22 to $65.21. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.22 to $66.19. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.31 to $67.21. 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. Includes 233 shares of common stock the Reporting Person acquired under the Viasat 401(k) Plan since the date of the Reporting Person's last ownership report. The original restricted stock unit grant was for 84,043 units on 06/07/2023. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date and 1/4 on each of the second, third and fourth anniversary of the grant date. The original restricted stock unit grant was for 139,706 units on 06/07/2024. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/3 on the 13th month 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. The remaining restricted stock units will vest on June 7, 2027. Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock. The units vest and convert into shares of common stock (on a 1-for-1 basis) in three substantially equal installments on June 7, 2027, June 7, 2028 and June 7, 2029. Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
Key Figures
Shares sold: 400,000 shares
Sale prices: $63.22–$69.00 per share
Trust holdings after sales: 1,367,161 shares
+5 more
8 metrics
Shares sold
400,000 shares
Open-market sales on June 8, 2026 by associated trust
Sale prices
$63.22–$69.00 per share
Weighted-average and range from sale footnotes
Trust holdings after sales
1,367,161 shares
Common stock held indirectly by family trust following sales
Direct holdings after transactions
21,011 shares
Common stock held directly by Mark Dankberg after June 7, 2026
RSU grant
103,621 units
New restricted stock unit award on June 7, 2026
RSU exercises
102,506 shares
Common shares acquired via RSU exercises on June 7, 2026
Tax withholding shares
55,303 shares
Shares withheld to satisfy tax obligations on RSU vesting
Gifted shares
94,406 shares
Bona fide gifts reported with code G on June 7, 2026
Key Terms
Rule 10b5-1 Plan, restricted stock unit, bona fide gift, tax withholding obligation, +2 more
6 terms
Rule 10b5-1 Plan regulatory
"Transaction pursuant to Rule 10b5-1 Plan adopted on March 9, 2026."
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.
restricted stock unit financial
"The restricted stock unit was granted to Mark Dankberg, an officer of Viasat, Inc."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
tax withholding obligation financial
"withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock."
FAQ
What insider transactions did Viasat (VSAT) report for CEO Mark Dankberg?
Viasat reported multiple transactions by entities associated with CEO Mark Dankberg. A family trust sold 400,000 common shares in open-market trades, while Dankberg exercised restricted stock units, received a new 103,621-unit RSU grant, had shares withheld for taxes, and made bona fide share gifts.
Did the Viasat (VSAT) CEO receive new equity awards in this Form 4?
Yes. Mark Dankberg received a grant of 103,621 restricted stock units. Each unit represents a contingent right to receive one share of Viasat common stock, with vesting over several future anniversaries, and the units are subject to forfeiture if his employment or service terminates before vesting.
What are Mark Dankberg’s reported Viasat (VSAT) holdings after these transactions?
After the reported transactions, a family trust associated with Dankberg held 1,367,161 Viasat common shares. He also held 21,011 common shares directly, additional shares through a 401(k) plan, and 103,621 restricted stock units that will vest and convert into common shares over future dates.