VSAT Form 4: Director Theresa Wise Records 1,600 RSUs, Ownership Now 11,000 Shares

Rhea-AI Filing Summary

Theresa Wise, a director of Viasat Inc. (VSAT), reported equity transactions dated 09/05/2025. The Form 4 shows a non-derivative entry for common stock with a transaction code "M" recording 1,600 shares acquired at $0 and a reported beneficial ownership figure of 11,000 shares following the transaction. The derivative section reports 1,600 restricted stock units with $0 conversion/exercise price, dated 09/05/2025, that are exercisable on 09/05/2025 and relate to 1,600 underlying shares. The filing includes an explanatory note that the restricted stock units are subject to forfeiture until vested in the event of termination of the directorship. The form is signed by Stacy Nguyen as attorney-in-fact on 09/09/2025.

Positive

• Timely disclosure of insider transactions via Form 4 (filed and signed by attorney-in-fact).
• Director compensation aligned with shareholder interests through restricted stock units subject to forfeiture until vesting.
• Clear post-transaction ownership figure reported: 11,000 shares beneficially owned following the transaction.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director award and reporting; limited immediate cash impact disclosed.

The filing documents a non-derivative entry and a corresponding restricted stock unit award for a board director. The reported 1,600 shares/RSUs at $0 indicate an equity grant-like event rather than a market purchase or sale recorded for cash proceeds. The post-transaction beneficial ownership figure of 11,000 shares provides a snapshot of the director's stake after the award. There are no earnings, debt or liquidity metrics in this Form 4, so the filing’s direct financial impact on Viasat’s reported results is minimal; it is primarily a disclosure of insider compensation and ownership.

Corporate Governance Expert

TL;DR: Standard director equity award with forfeiture condition until vesting; timely Section 16 disclosure.

The derivative entry describes restricted stock units that are subject to forfeiture if the director’s service ends before vesting, which is a common governance mechanism to align long-term incentives with continued service. The Form 4 is signed via attorney-in-fact and includes the forfeiture explanation, indicating standard grant terms and required insider reporting procedures were followed. No unusual governance provisions or exceptions are disclosed in this filing.

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^*

WISE THERESA

(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	11,000	D

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	(1)	common stock	1,600	$0	0	D

Explanation of Responses:

1. 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Theresa Wise report on Form 4 for VSAT?

Theresa Wise reported a non-derivative entry of 1,600 common shares acquired at $0 and 1,600 restricted stock units dated 09/05/2025, with 11,000 shares reported as beneficially owned following the transaction.

When were the transactions and when was the Form 4 signed?

The transactions are dated 09/05/2025 and the Form 4 was signed by an attorney-in-fact, Stacy Nguyen, on 09/09/2025.

Are the restricted stock units immediately vested?

The filing states that the restricted stock units are subject to forfeiture until vested in the event of termination of the directorship, and lists an exercisable date of 09/05/2025.

What does the reported beneficial ownership equal after the transaction?

The Form 4 shows 11,000 shares as the amount of securities beneficially owned following the reported transaction(s).

Who is the issuer and ticker on the Form 4?

The issuer is Viasat Inc. (VSAT).