Richard A. Baldridge - Dec 17, 2022 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Vice Chairman, Director
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Dec 17, 2022
Transactions value $
-$384,481
Form type
4
Date filed
12/20/2022, 10:27 AM
Previous filing
Nov 21, 2022
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSAT $.0001 par value common stock Options Exercise $0 +24.4K $0.00 24.4K Dec 17, 2022 Direct
transaction VSAT $.0001 par value common stock Tax liability -$384K -12.8K -52.65% $29.93 11.6K Dec 17, 2022 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -11.6K -100% $0.00* 0 Dec 17, 2022 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +11.6K +5.61% $0.00 217K Dec 17, 2022 By Trust
holding VSAT $.0001 par value common stock 3.26K Dec 17, 2022 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VSAT restricted stock unit Options Exercise $0 -24.4K -27.9% $0.00 63.1K Dec 17, 2022 common stock 24.4K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
F2 The restricted stock unit was granted to Richard Baldridge, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
F3 The original deferred restricted stock unit grant was for 87,451 restricted stock units on 11/17/2021. Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock of the Issuer over a four year period commencing on 12/17/2022 and ending on 11/17/2025.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.