Viasat Director Sean Pak Exercises Options, Gifts 5,000 Shares

What Happened Sean Pak, a director of Viasat Inc. (VSAT), exercised 5,000 fully vested stock options on September 2, 2026 at an exercise price of $37.43 per share, paying $187,150 in cash to acquire the shares. On the same day he transferred (gifted) those 5,000 shares to the Sean S. Pak and Caroline K. Shin Revocable Trust dated April 29, 2015. The filing shows a related derivative entry reflecting conversion/settlement of the option.

Key Details

• Transaction date: 2026-09-02; Form 4 filed 2026-09-04 (appears timely).
• Option exercise: 5,000 shares acquired at $37.43/share for a total of $187,150.
• Gift: 5,000 shares disposed/transferred as a gift to the named revocable trust (footnote F1).
• Derivative note: the option was fully vested and exercisable (footnote F2); the filing includes a derivative conversion/disposition entry related to the exercise.
• Shares owned after the transaction: not specified in the information provided in this summary.
• Insider status: Director (not identified as a 10% owner in this filing).

Context Exercising vested options and immediately gifting the resulting shares is a common non-market transfer and does not represent a sale of shares on the open market. Gifts generally reflect estate or tax planning and should not be interpreted as a buy/sell signal. Because Pak paid cash to exercise the options (not a cashless sale), this was a straightforward exercise rather than an immediate monetization.