Viasat CEO Mark Dankberg Converts RSUs; Shares Withheld for Taxes

What Happened
Mark D. Dankberg, Chairman and CEO of Viasat, converted 80,325 vested restricted stock units (RSUs) into common shares on September 17, 2026. Of the 80,325 shares that vested/converted, 43,336 shares were withheld by the company to satisfy tax withholding (reported at $73.02/share, totaling $3,164,395). A block of 36,989 shares was transferred as a gift/contribution to The Dankberg Family Trust. The filing shows the vested units converting (derivative conversion) and the related share-withholding and gift transactions; the withheld shares were not sold on the open market.

Key Details

• Transaction date: September 17, 2026; Form 4 filed September 21, 2026 (filed 4 days after the transactions).
• Converted/vested: 80,325 RSUs → 80,325 common shares (derivative conversion, code M).
• Tax withholding: 43,336 shares withheld at $73.02/share = $3,164,395 (code F). These shares were withheld/offset to satisfy tax obligations and were not sold (Footnote F1).
• Gift/transfer: 36,989 shares contributed/transferred to The Dankberg Family Trust (code G; Footnote F2).
• Correction: The total was adjusted by -20 shares to correct a prior filing (Footnote F3).
• Grant/vesting background: Original RSU grant was 236,250 units on 08/17/2025; vesting schedule: 34% on 09/17/2026 (this vesting produced the 80,325 shares), then 33% on 06/07/2027 and 33% on 06/07/2028 (Footnotes F4–F5).
• Shares owned after transaction: Not reported in the filing.

Context

• This was a scheduled RSU vesting and conversion, not an open-market buy or sale. The company withheld shares to cover tax — a common cashless settlement approach that does not indicate an open-market sale.
• The transfer of shares to a family trust is a gift/contribution and generally reflects estate/ownership structuring rather than a trading view on the stock.
• Because the Form 4 was filed on 2026-09-21 for 2026-09-17 transactions, it appears the filing was submitted after the typical 2-business-day reporting window for Form 4s.