DANKBERG MARK D 4

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.