Viasat Director Richard Baldridge Receives Award, Gifts Shares

What Happened

• Richard A. Baldridge, a director of Viasat, Inc. (VSAT), had restricted stock units (RSUs) convert into 6,388 shares on 2026-09-03 (reported as exercise/conversion at $0.00) and those vested shares were contributed/transferred to The Baldridge Family Trust (reported as a gift). On the same date he was also recorded as receiving a grant/award of 3,485 RSUs (derivative) at $0.00. These transactions reflect RSU vesting/transfer activity, not an open‑market sale.

Key Details

• Transaction date: September 3, 2026; reported in Form 4 filed 2026-09-08 (accession 0001193125-26-385247).
• Transaction types/codes: M (exercise/conversion of derivative), G (gift), A (award/grant). All reported at $0.00 per share (typical for RSU vesting/conversion).
• Shares involved: 6,388 shares converted/vested and transferred to the Baldridge Family Trust; 3,485 RSUs awarded (will convert to shares upon vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: RSUs represent a contingent right to one share each; upon vesting the converted shares were contributed to The Baldridge Family Trust. Vesting occurs on the first to occur of (i) the first anniversary of grant or (ii) the next annual meeting, subject to continued board service; unvested RSUs are forfeitable.
• Filing timeliness: No late‑filing flag indicated in the provided information.

Context

• These entries reflect RSU vesting and a transfer to a family trust (a gift/transfer), not an open‑market sale—so they do not directly signal selling pressure. The $0.00 price reflects conversion of RSUs into shares rather than a cash purchase.
• Awarded RSUs (the 3,485 units) remain contingent and will convert to shares only if vesting conditions are met. Gifts/transfers to trusts are often estate‑planning or tax matters and are not necessarily indicative of the director's view on the company.