Palmer Benjamin Edward 4
4 · VIASAT INC · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Viasat SVP Benjamin Palmer Exercises Options & Sells Shares
What Happened
Benjamin Palmer, SVP and President, Commercial at Viasat (VSAT), exercised 21,408 stock options on 2026-06-02 at $15.96 per share (cost reported $341,672) and immediately sold those 21,408 shares in the open market at a weighted average price of $73.09 for proceeds of $1,564,741. On 2026-06-01 he also sold 2,400 shares in the open market at $80.59 for $193,416. Overall gross proceeds from the reported sales total about $1.76 million. The exercise + immediate sale is a disposition (not a long-term purchase).
Key Details
- Transaction dates: 2026-06-01 (sale of 2,400 shares @ $80.59); 2026-06-02 (exercise of 21,408 options @ $15.96 and sale of 21,408 shares @ $73.09).
- Reported amounts: sale proceeds $1,564,741 (21,408 shares) + $193,416 (2,400 shares) = $1,758,157; exercise cost reported $341,672.
- Footnotes: F1 — the 2,400-share sale was made under a Rule 10b5-1 trading plan adopted 12/11/2025; F2 — the $73.09 sell price is a weighted average (individual trades ranged $72.535–$73.435); F3 — remaining option shares become exercisable Oct 9, 2026 subject to stock-price thresholds.
- Shares owned after the transactions: not provided in the excerpt of the filing.
- Filing timeliness: Form 4 filed 2026-06-03 for transactions on 06-01 and 06-02; appears to be filed within the standard Form 4 reporting window.
Context
The filing shows an option exercise followed by an immediate open-market sale (a common cashless exercise/disposition). The 10b5-1 plan governs the earlier 2,400-share sale, meaning that sale was likely pre-scheduled. Footnote F3 indicates additional option vesting/exercise is conditional on future stock-price hurdles. This report documents transfers and proceeds; it does not state the insider’s motivations.
Insider Transaction Report
- Sale
$.0001 par value common stock
[F1]2026-06-01$80.59/sh−2,400$193,416→ 18,231 total - Exercise/Conversion
$.0001 par value common stock
2026-06-02$15.96/sh+21,408$341,672→ 39,639 total - Sale
$.0001 par value common stock
[F2]2026-06-02$73.09/sh−21,408$1,564,741→ 18,231 total - Exercise/Conversion
employee stock option (right to buy)
[F3]2026-06-02−21,408→ 23,592 totalExercise: $15.96Exp: 2029-10-09→ common stock (21,408 underlying)
Footnotes (3)
- [F1]Transaction pursuant to Rule 10b5-1 Plan adopted on December 11, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.535 to $73.435. 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.
- [F3]The option becomes exercisable with respect to the remaining shares on October 9, 2026, subject to the achievement of certain stock price thresholds described in the option award.