Viasat (VSAT) Director Sean Pak Exercises Units and Gifts Shares

What Happened

• Sean Pak, a director of Viasat, reported that on 2026-09-03 restricted stock units (RSUs) were converted into 6,388 shares and those shares were transferred as a gift to the Sean S. Pak and Caroline K. Shin Revocable Trust. The filing also records a grant/award of 3,485 RSUs (a derivative right to common stock). All reported transactions show $0.00 per-share consideration (no cash changing hands).

Key Details

• Transaction date: September 3, 2026; Form 4 filed September 8, 2026 (reporting period: 2026-09-03).
• Prices: all transactions reported at $0.00 (typical for RSU vesting/contributions and gifts).
• Shares involved: 6,388 shares converted/gifted; 3,485 RSUs granted.
• Shares owned after transaction: not specified in the reported items.
• Footnotes: RSUs represent contingent rights to one share each; upon vesting shares were contributed to Mr. Pak’s revocable trust (per footnote). RSU vesting is subject to service-based conditions and possible forfeiture if board service ends before vesting.
• Filing timeliness: no late-filing indication in the report.

Context

• The conversion/“exercise” here refers to RSUs (derivative awards) vesting and converting to underlying shares; the subsequent gift/transfer to a revocable trust is an intra-family/estate-planning move and does not necessarily indicate a buy or sell decision in the market.
• Grants of RSUs (the 3,485-share award) are compensation-type awards and are not an open-market purchase; they represent potential future shares if vesting conditions are met.