Palmer Benjamin Edward 4

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.