VIAVI (VIAV) CFO Ilan Daskal Exercises and Sells Shares

What Happened
Ilan Daskal, EVP and Chief Financial Officer of VIAVI Solutions (VIAV), converted/vested a total of 153,798 derivative units into common stock on September 22, 2026 (82,671 and 71,127 shares). To cover tax withholding obligations, the company withheld/retained 37,285 and 32,079 shares (69,364 total) at $36.40 per share, generating approximately $2,524,850. After withholding, the net shares delivered to Daskal were roughly 84,434. The filing also shows award entries for 56,820 and 98,914 market stock units (MSUs) related to performance tranches.

Key Details

• Transaction date: 2026-09-22. Withholding price: $36.40 per share.
• Conversions/vests: 82,671 and 71,127 derivative units converted to shares (total 153,798).
• Tax withholding: 37,285 + 32,079 = 69,364 shares withheld; cash value ≈ $2,524,850.
• Net shares delivered to insider ≈ 84,434 (153,798 converted − 69,364 withheld).
• Additional awards reported: 56,820 and 98,914 MSUs (derivative awards); total 155,734 MSUs shown as acquired/awarded in the filing.
• Footnotes of note:
  • F1: Each stock unit converts into one share upon vesting.
  • F2: Shares were retained by the company to meet tax withholding; withholding not in excess of liability.
  • F3 & F5: Vesting occurred at 150% of target for tranches granted Aug 28, 2024 and Aug 28, 2025 based on total stockholder return.
  • F4: MSUs have no expiration date.
  • F6: Some MSUs were granted Nov 28, 2023 and vest Nov 28, 2026 subject to continued service.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: no late filing flag indicated in the supplied data.

Context
This was primarily a compensation event: conversion/vesting of market stock units with shares withheld to cover taxes (a common cashless exercise/settlement). Such transactions typically reflect routine compensation vesting rather than an open-market purchase or discretionary sale by the insider. Retail investors should view this as a standard vesting/tax-withholding occurrence; it is not a clear bullish or bearish signal on its own.