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VIASAT INC·4

Jun 9, 8:58 PM ET

Blair Robert James 4

Research Summary

AI-generated summary

Updated

Viasat (VSAT) SVP Blair James Exercises RSUs, Withholds Shares

What Happened

  • Blair Robert James, Senior Vice President and General Counsel of Viasat, converted/settled vested derivative awards on June 7, 2026. The filing shows conversions (code M) totaling 18,264 shares (3,681 + 8,333 + 6,250) at $0.00 per share (indicative of RSU settlement rather than a cash-strike option).
  • To satisfy tax withholding obligations (code F), the issuer withheld 8,178 shares (1,321 + 3,676 + 3,181), for a total withholding value reported of approximately $549,399. That leaves a net issuance to the reporting person of about 10,086 shares (18,264 converted minus 8,178 withheld).
  • The filing also shows a grant/award entry (code A) for 24,574 restricted stock units (RSUs) that remain subject to vesting schedules and forfeiture provisions described in the footnotes.

Key Details

  • Transaction date: June 7, 2026. Filing date: June 9, 2026 (timely within the Form 4 reporting window).
  • Prices reported: conversion/exercise price $0.00; withheld-share tax values at an average of $67.18/share (total withheld value ≈ $549,399).
  • Shares involved: 18,264 converted/issued; 8,178 withheld for taxes; net ~10,086 shares delivered. Grant of 24,574 RSUs added (subject to vesting).
  • Footnotes: F2 confirms the withheld shares were retained by the issuer to satisfy tax withholding (not sold in the market). Other footnotes describe prior ESPP/401(k) purchases and vesting schedules for the RSU grants (vesting timing and forfeiture conditions).
  • Filing timeliness: Reported within two business days — no late-filing indication.

Context

  • M = exercise/conversion of a derivative (here, consistent with RSU vesting/settlement); F = shares withheld to satisfy tax obligations (share-surrender or net-settlement), not an open-market sale. This is effectively a cashless settlement for tax withholding.
  • Such withholding transactions are common when RSUs vest and do not necessarily signal a change in insider sentiment. The new award of 24,574 RSUs remains subject to future vesting and possible forfeiture per the footnotes.