Palmer Benjamin Edward 4

4 · VIASAT INC · Filed Jun 9, 2026

AI-generated summary of this filing

Updated Jun 10, 2026

Viasat (VSAT) SVP Benjamin Palmer Exercises RSUs, Withholds Shares

What Happened

Benjamin Edward Palmer, SVP & President, Commercial at Viasat, reported conversions/exercises of derivative awards on June 7, 2026. A total of 14,583 derivative units were converted into common shares. To satisfy tax withholding, the issuer withheld 6,855 shares (no open-market sale) at $67.18 per share, totaling $460,519. After withholding, the net increase in shares received was 7,728. The filing also reports a new award of 21,298 restricted stock units (RSUs) granted the same day (these are unvested at grant).

Key Details

Transaction date: June 7, 2026. Withholding price used: $67.18 per share.
Converted/Exercised (derivative): 14,583 shares (two conversion entries of 8,333 and 6,250).
Tax withholding (shares withheld): 6,855 shares — 3,917 shares withheld (valued at $263,144) and 2,938 shares withheld (valued at $197,375); combined = $460,519.
Net shares received after withholding: 7,728 shares.
Grant reported: 21,298 RSUs (unvested award reported as acquisition by award).
Footnotes: Withheld shares were retained by the issuer to satisfy tax obligations (not sold by the reporting person). The original RSU program referenced includes a 25,000-unit grant from 06/07/2024 with multi-year vesting; the new RSUs vest in installments and are subject to forfeiture until vested.
Shares owned after the transaction: Not specified in the filing.
Filing timeliness: Reported on 2026-06-09 for 2026-06-07 transactions — appears timely (Form 4 due within two business days).

Context

This was a conversion/settlement of derivative awards and an RSU grant, not an open-market sale or purchase. The withholding of shares to cover taxes is a routine, non-market transaction (a net-share settlement or tax-satisfaction), so the reporting person did not sell shares on the market as part of this transaction. New RSUs are subject to vesting schedules and forfeiture provisions, so they do not reflect an immediate market purchase.

Form 4

Period: 2026-06-07

SVP, Pres Commercial

Transactions

Exercise/Conversion
$.0001 par value common stock
2026-06-07+8,333→ 26,564 total
Tax Payment
$.0001 par value common stock
[F1]
2026-06-07$67.18/sh−3,917$263,144→ 22,647 total
Exercise/Conversion
$.0001 par value common stock
2026-06-07+6,250→ 28,897 total
Tax Payment
$.0001 par value common stock
[F1]
2026-06-07$67.18/sh−2,938$197,375→ 25,959 total
Exercise/Conversion
restricted stock unit
[F2][F6]
2026-06-07−8,333→ 8,333 total
Exercise: $0.00→ common stock (8,333 underlying)
Exercise/Conversion
restricted stock unit
[F3][F6]
2026-06-07−6,250→ 6,249 total
Exercise: $0.00→ common stock (6,250 underlying)
Award
restricted stock unit
[F4][F5][F6]
2026-06-07+21,298→ 21,298 total
→ common stock (21,298 underlying)

Footnotes (6)

[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]The original restricted stock unit grant was for 25,000 units on 06/07/2024. The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/3 on the first 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.
[F3]The remaining restricted stock units will vest on June 7, 2027.
[F4]Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
[F5]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.
[F6]Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.

Signature

/s/ Stacy Nguyen, Attorney-in-Fact|2026-06-09

1 file