Viasat Director Theresa Wise Exercises Options, Sells 2,500 Shares

What Happened Theresa Wise, a director of Viasat Inc. (VSAT), exercised 2,500 stock options at $37.43 per share (cost $93,575) and immediately sold 2,500 shares in the open market at $84.69 per share for gross proceeds of $211,725 on August 4, 2026. The filing also shows the related derivative (the option) was disposed/terminated as part of the exercise.

Key Details

• Transaction date: 2026-08-04.
• Exercise (code M): 2,500 shares acquired at $37.43 each (total $93,575).
• Sale (code S): 2,500 shares sold at $84.69 each (total $211,725).
• Derivative disposition (code M): 2,500 option units disposed at $0, reflecting conversion/termination of the option.
• Footnotes: Transaction executed pursuant to a Rule 10b5-1 plan adopted March 9, 2026 (F1). The option was fully vested and exercisable (F2).
• Filing timeliness: Report filed 2026-08-06 for a 2026-08-04 transaction — appears to be filed within the Form 4 reporting window (timely).
• Shares owned after the transaction: Not specified in the provided excerpt.

Context

• This was an option exercise followed by an immediate open-market sale of the resulting shares (common form of exercise + disposition). The exercise cost ($93,575) was substantially lower than the sale proceeds ($211,725), producing gross proceeds above the exercise amount.
• The 10b5-1 plan note indicates the sale was executed under a prearranged trading plan, which can provide an added layer of compliance/timing structure for insider sales.