Viasat (VSAT) Director Jinhy Yoon Receives RSUs, Transfers 1,231 Shares

What Happened

• Director Jinhy Yoon received a grant of 3,485 restricted stock units (RSUs) (grant code A) and had 1,231 derivative units convert into common shares (exercise/conversion code M) on 2026-09-03. The converted/vested 1,231 shares were transferred as a gift to the John T Tze & Jinhy Yoon Ttee, Tippy Revocable Living Trust (gift code G). All transactions reported a $0 per-share price (typical for RSU vesting/conversion), so reported proceeds/value = $0.
• These actions are not open-market purchases or sales by the insider; they reflect an award/vesting event and an intra-family transfer to a revocable trust.

Key Details

• Transaction date: 2026-09-03; Form filed: 2026-09-08 (appears late relative to the usual 2-business-day Section 16 filing requirement).
• Specifics: 3,485 RSUs granted (A); 1,231 derivative units converted to shares (M); 1,231 shares gifted/transferred to a revocable living trust (G). All at $0.00 per share.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) upon vesting the shares were contributed to the named revocable trust; (F2) each RSU equals a contingent right to one share; (F3) RSUs vest on the earlier of the first anniversary of grant or the next annual meeting, subject to continued board service; (F4) unvested RSUs can be forfeited on termination of directorship.
• Filing timeliness: filed five days after the transaction date — likely a late Form 4 filing, which can result in filer disclosure of a delinquent filing (no trading implications by itself, but late filings can draw attention).

Context

• RSUs/derivatives: The A-code grant is an award of RSUs (future shares if vesting conditions are met). The M-code entries reflect conversion/settlement of derivative awards into actual shares. The $0 price reflects that these were vested RSUs/awards rather than market purchases.
• Gift transfers: The transfer to a revocable living trust is a non-market transaction and generally does not signal insider buying/selling intent. These are commonly used for estate planning or trust-based ownership arrangements.