Viasat Director Ayyar Shekar G Receives RSU Award, Exercises Derivative

What Happened

• Ayyar Shekar G, a director of Viasat, had three related transactions reported for 2026-09-03: a grant of 3,485 restricted stock units (RSUs) (code A) and the conversion/exercise of 1,231 derivative units (code M) that show as both acquired and disposed. All reported prices are $0.00, indicating these were awards/conversions rather than open-market purchases or sales.

Key Details

• Filing date: 2026-09-08; Reported transaction date(s): 2026-09-03.
• Transactions and amounts:
  • Grant (A): 3,485 RSUs @ $0.00 (acquired, derivative award).
  • Exercise/Conversion (M): 1,231 shares @ $0.00 (acquired).
  • Exercise/Conversion (M): 1,231 shares @ $0.00 (disposed).
• Total cash value reported for these events: $0 (reflects grant/conversion accounting, not market sale proceeds).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to one common share.
  • F2: RSUs vest on the earlier of the first anniversary of grant or the next annual meeting, subject to continued board service.
  • F3: RSUs are forfeitable if the director leaves before vesting.

Context

• The A-code transaction is an award (RSUs) — a form of compensation/acquisition that generally signals no immediate cash outlay by the insider. The M-code entries are conversions/exercises of derivatives; the matching acquire/dispose entries for 1,231 shares indicate the shares were converted and then recorded as disposed in the same reporting period (filing shows $0 price), rather than an open-market sale with proceeds disclosed. This filing is informational; it does not by itself indicate the director’s market view.