BALDRIDGE RICHARD A 4

What Happened

• Richard A. Baldridge, a director of Viasat, had 10,307 restricted stock units (RSUs convert/derivative) vest on 2026-06-07. Those RSUs converted into 10,307 shares at $0 per share. From the vested shares, 120 shares were withheld by the company to cover tax withholding (120 x $67.18 = $8,062) and 10,187 shares were transferred as a gift to The Baldridge Family Trust.

Key Details

• Transaction date: 2026-06-07; Form filed: 2026-06-09 (timely).
• RSU conversion/exercise reported as derivative activity (code M): 10,307 shares acquired at $0.00.
• Tax withholding (code F): 120 shares withheld at $67.18/share, value reported $8,062; these shares were not sold on the open market (they were withheld to satisfy tax obligations).
• Gift (code G): 10,187 shares transferred to The Baldridge Family Trust; filing reports $0 consideration for the gift.
• Related footnotes: the RSUs were part of a 41,230-unit grant from 06/07/2023 that vests in four annual installments; vested shares were contributed to the family trust and RSUs were subject to forfeiture until vested.
• Shares owned after the transactions are not specified on this filing.

Context

• These were RSU vesting and conversion transactions rather than open-market buys or sales — no shares were sold for cash here. The withholding of shares to cover taxes is routine and does not indicate a market sale. Gifts of shares typically reflect estate or trust planning and should not be read as a direct signal of insider sentiment.