WISE THERESA 4

What Happened

• Theresa Wise, a director of Viasat Inc. (VSAT), exercised 2,500 stock options and then sold 2,500 shares on June 8, 2026. The options were exercised at $37.43 per share (cost $93,575) and the shares were sold in the open market at $69.00 per share (proceeds $172,500). A derivative conversion line in the filing reflects the option exercise/conversion.

Key Details

• Transaction date: June 8, 2026 (Form 4 filed June 9, 2026).
• Exercise: 2,500 shares exercised at $37.43 each; total exercise cost $93,575. (Footnote: option fully vested and currently exercisable.)
• Sale: 2,500 shares sold in open market at $69.00 each; proceeds $172,500.
• Net cash difference (proceeds minus exercise cost, before taxes/fees): approximately $78,925.
• Footnotes: Transaction executed pursuant to a Rule 10b5‑1 trading plan adopted March 9, 2026; the option was fully vested and exercisable.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Form was filed the day after the reported transactions (appears timely).

Context

• This is effectively a cashless exercise and sale: the director exercised vested options and sold the resulting shares the same day, so it does not represent a long-term purchase of additional shares.
• A Rule 10b5‑1 plan means the trades were pre-arranged under a written plan, which can help avoid questions about insider timing but does not by itself indicate the insider’s current view of the stock.