Ayyar Shekar G 4
4 · VIASAT INC · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Viasat (VSAT) Director Ayyar Shekar Receives 1,231 RSU Award
What Happened
Ayyar Shekar G, a director of Viasat, was granted 1,231 restricted stock units (RSUs) on May 6, 2026 (transaction code A). The Form 4 reports the acquisition price as $0.00 because these are derivative awards (contingent rights to receive common stock upon vesting), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-06; Form 4 filed: 2026-05-12 (filed after the transaction date).
- Transaction type: Grant/Award (code A); classified as a derivative acquisition; reported price $0.00.
- Shares acquired: 1,231 RSUs (each RSU represents a contingent right to one share).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each RSU converts to one share; F2 — RSUs vest and convert on the earlier of (i) the first anniversary of the grant or (ii) the next annual meeting, subject to continued board service.
- Timeliness: The Form 4 was filed six days after the transaction date, which is later than the standard two-business-day reporting window for many insiders.
Context
RSU grants to directors are typically compensation for board service. These RSUs are not immediately tradable shares; they convert to common stock only if and when they vest under the conditions above. Because this is an award (not an open-market purchase), it should be viewed as routine director compensation rather than a direct buy or sell signal.
Insider Transaction Report
- Award
restricted stock unit
[F1][F2]2026-05-06+1,231→ 1,231 total→ common stock (1,231 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
- [F2]The restricted stock units will vest and convert into shares of common stock of the Issuer on the first to occur of (i) the first anniversary of the date of grant or (ii) the next occurring annual meeting of the Company's stockholders, subject to the Non-Employee Director continuing in service on the Board through such vesting date.