Chandran Girish 4
4 · VIASAT INC · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Viasat (VSAT) CTO Girish Receives RSU Vesting; Shares Withheld for Taxes
What Happened Chandran Girish, Viasat’s CTO and SVP of Engineering, had multiple restricted stock units (RSUs) convert/vest into common stock on June 7, 2026. The filing shows conversion/exercise-type derivative entries (code M) and corresponding tax-withholding share dispositions (code F). A total of 9,854 shares were withheld by the issuer to satisfy tax withholding obligations at $67.18 per share, for a total withholding value of $661,991 (broken out as 1,986 shares = $133,419; 4,496 = $302,041; 3,372 = $226,531). The derivative entries are reported at $0 per share, which is consistent with RSU settlements rather than option exercises with a cash exercise price.
Key Details
- Transaction date: June 7, 2026; Form 4 filed June 9, 2026 (not reported late).
- Reported actions: M = exercise/conversion of derivatives (RSU settlement); F = shares withheld to pay tax liability; A = grant/award entries for RSU-related amounts.
- Withheld shares: 9,854 shares withheld at $67.18/share = $661,991 total tax withholding.
- Converted/vested shares reported in M entries: 3,681 + 8,333 + 6,250 = 18,264 shares (plus award/award-type entries of 24,574 and 8,191 RSU units as reported).
- Footnotes: F1 notes the withheld shares were not sold on market but offset from vested shares; other footnotes (F3–F9) describe original grant dates, vesting schedules, and that RSUs convert 1-for-1 into common stock and are subject to forfeiture until vested.
- Shares owned after transaction: not specified in the summary data provided.
Context
- This appears to be a routine RSU vesting and settlement with tax withholding (a common, non‑market sale method to satisfy tax obligations). That means the shares were not sold in open market transactions by the insider and do not necessarily indicate a change in sentiment.
- Transaction codes: M = derivative conversion/settlement (here RSUs), F = tax withholding (shares retained by issuer), A = award/grant.
Insider Transaction Report
- Exercise/Conversion
$.0001 par value common stock
2026-06-07+3,681→ 51,569 total - Tax Payment
$.0001 par value common stock
[F1]2026-06-07$67.18/sh−1,986$133,419→ 49,583 total - Exercise/Conversion
$.0001 par value common stock
2026-06-07+8,333→ 57,916 total - Tax Payment
$.0001 par value common stock
[F1]2026-06-07$67.18/sh−4,496$302,041→ 53,420 total - Exercise/Conversion
$.0001 par value common stock
2026-06-07+6,250→ 59,670 total - Tax Payment
$.0001 par value common stock
[F1]2026-06-07$67.18/sh−3,372$226,531→ 56,298 total - Exercise/Conversion
restricted stock unit
[F3][F9]2026-06-07−3,681→ 3,681 totalExercise: $0.00→ common stock (3,681 underlying) - Exercise/Conversion
restricted stock unit
[F4][F9]2026-06-07−8,333→ 8,333 totalExercise: $0.00→ common stock (8,333 underlying) - Exercise/Conversion
restricted stock unit
[F5][F9]2026-06-07−6,250→ 6,249 totalExercise: $0.00→ common stock (6,250 underlying) - Award
restricted stock unit
[F6][F7][F9]2026-06-07+24,574→ 24,574 total→ common stock (24,574 underlying) - Award
restricted stock unit
[F6][F8][F9]2026-06-07+8,191→ 8,191 total→ common stock (8,191 underlying)
- 5,756(indirect: By 401(k))
$.0001 par value common stock
[F2] - 176(indirect: By Spouse)
$.0001 par value common stock
Footnotes (9)
- [F1]This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
- [F2]Includes 112 shares of common stock the Reporting Person acquired under the Viasat 401(k) Plan since the date of the Reporting Person's last ownership report.
- [F3]The original restricted stock unit grant was for 14,725 units on 06/07/2023. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date and 1/4 on each of the second, third and fourth anniversary of the grant date.
- [F4]The original restricted stock unit grant was for 25,000 units on 06/07/2024. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/3 on the 13th month anniversary of the grant date; 1/3 on the second anniversary of the grant date; and 1/3 on the third anniversary of the grant date.
- [F5]The remaining restricted stock units will vest on June 7, 2027.
- [F6]Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
- [F7]The units vest and convert into shares of common stock (on a 1-for-1 basis) in three substantially equal installments on June 7, 2027, June 7, 2028 and June 7, 2029.
- [F8]The units vest and convert into shares of common stock (on a 1-for-1 basis) on June 7, 2027.
- [F9]Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.