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VIASAT INC·4

Jun 9, 9:13 PM ET

DANKBERG MARK D 4

4 · VIASAT INC · Filed Jun 9, 2026

Research Summary

AI-generated summary of this filing

Updated

Viasat (VSAT) CEO Mark Dankberg Sells 400,000 Shares (~$25.9M)

What Happened

  • Mark D. Dankberg, Chairman and CEO of Viasat, reported multiple transactions around June 7–8, 2026. He sold 400,000 shares in open-market transactions on June 8, 2026 for a combined ~$25.9M (weighted-average prices reported across several trade ranges). Separately, ~55,303 vested shares were withheld by the issuer to satisfy tax withholding obligations (reported disposal value ≈ $3.72M). On June 7, he also had derivative/RSU activity: approximately 102,506 derivative units converted/vested into common shares and an award/grant of 103,621 RSU-type units was recorded (these RSUs remain subject to the issuer’s vesting terms). He also transferred 47,203 shares to The Dankberg Family Trust (gift/transfer).

Key Details

  • Transaction dates: June 7–8, 2026; Form filed June 9, 2026 (timely).
  • Open-market sales: 400,000 shares on 6/8/2026 for ~$25,903,224 (weighted-average prices; see footnotes for price ranges $63.22–$69.00).
  • Tax withholding: 55,303 shares withheld on 6/7/2026 to cover taxes, valued at ~$3,715,255 (these shares were not sold by the Reporting Person; issuer withheld them).
  • Derivative/RSU activity: ~102,506 shares converted/exercised (M), plus an award of 103,621 RSU-type units (A); RSU vesting subject to schedules and forfeiture conditions (see footnotes F10–F14).
  • Gift/transfer: 47,203 shares moved in connection with The Dankberg Family Trust (F2).
  • Notable footnotes: sales executed under a Rule 10b5-1 trading plan (F3); detailed per-trade price ranges provided in footnotes F4–F7; withheld shares satisfy tax liability (F1).
  • Shares owned after transaction: not specified in the filing.

Context

  • The June 7 derivative entries reflect RSU/award vesting and conversion into shares; some vested shares were withheld by the company to cover tax obligations (a common cashless outcome). The 400,000-share open-market sales were executed under a pre-established Rule 10b5-1 plan, which is an automatic plan that spreads sales over time and is generally considered routine rather than an immediate signal of sentiment. Transfers to a family trust (gift/transfer) are not the same as market sales and do not necessarily indicate a view on the stock.
  • Transaction codes in the filing: M = option/derivative exercise or conversion; F = payment of exercise price or tax withholding; S = open market sale; A = grant/award; G = gift/transfer.

Insider Transaction Report

Form 4
Period: 2026-06-07
VIASAT INCVSAT
DANKBERG MARK D
DirectorChairman and CEO
Transactions
  • Exercise/Conversion

    $.0001 par value common stock

    2026-06-07+21,011→ 21,011 total
  • Tax Payment

    $.0001 par value common stock

    [F1]
    2026-06-07$67.18/sh−11,336$761,552→ 9,675 total
  • Exercise/Conversion

    $.0001 par value common stock

    2026-06-07+46,569→ 56,244 total
  • Tax Payment

    $.0001 par value common stock

    [F1]
    2026-06-07$67.18/sh−25,124$1,687,830→ 31,120 total
  • Exercise/Conversion

    $.0001 par value common stock

    2026-06-07+34,926→ 66,046 total
  • Tax Payment

    $.0001 par value common stock

    [F1]
    2026-06-07$67.18/sh−18,843$1,265,873→ 47,203 total
  • Gift

    $.0001 par value common stock

    [F2]
    2026-06-07−47,203→ 0 total
  • Gift

    $.0001 par value common stock

    2026-06-07+47,203→ 1,482,196 total(indirect: By Trust)
  • Sale

    $.0001 par value common stock

    [F3][F4]
    2026-06-08$63.95/sh−115,035$7,356,649→ 1,367,161 total(indirect: By Trust)
  • Sale

    $.0001 par value common stock

    [F3][F5]
    2026-06-08$64.56/sh−149,580$9,656,945→ 1,217,581 total(indirect: By Trust)
  • Sale

    $.0001 par value common stock

    [F3][F6]
    2026-06-08$65.48/sh−120,895$7,916,011→ 1,096,686 total(indirect: By Trust)
  • Sale

    $.0001 par value common stock

    [F3][F7]
    2026-06-08$66.48/sh−10,390$690,719→ 1,086,296 total(indirect: By Trust)
  • Sale

    $.0001 par value common stock

    [F3]
    2026-06-08$69.00/sh−4,100$282,900→ 1,082,196 total(indirect: By Trust)
  • Exercise/Conversion

    restricted stock unit

    [F9][F14]
    2026-06-07−21,011→ 21,010 total
    Exercise: $0.00→ common stock (21,011 underlying)
  • Exercise/Conversion

    restricted stock unit

    [F10][F14]
    2026-06-07−46,569→ 46,568 total
    Exercise: $0.00→ common stock (46,569 underlying)
  • Exercise/Conversion

    restricted stock unit

    [F11][F14]
    2026-06-07−34,926→ 34,926 total
    Exercise: $0.00→ common stock (34,926 underlying)
  • Award

    restricted stock unit

    [F12][F13][F14]
    2026-06-07+103,621→ 103,621 total
    → common stock (103,621 underlying)
Holdings

  • $.0001 par value common stock

    [F8]
    (indirect: By 401(k))
    6,130
Footnotes (14)
  • [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.
  • [F10]The original restricted stock unit grant was for 139,706 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.
  • [F11]The remaining restricted stock units will vest on June 7, 2027.
  • [F12]Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
  • [F13]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.
  • [F14]Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
  • [F2]The restricted stock unit was granted to Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust.
  • [F3]Transaction pursuant to Rule 10b5-1 Plan adopted on March 9, 2026.
  • [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.22 to $64.21. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  • [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.22 to $65.21. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  • [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.22 to $66.19. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  • [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.31 to $67.21. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  • [F8]Includes 233 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.
  • [F9]The original restricted stock unit grant was for 84,043 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.
Signature
/s/ Stacy Nguyen, Attorney-in-Fact|2026-06-09

Documents

1 file
  • 4
    ownership.xmlPrimary

    4