Mark D. Dankberg - Oct 9, 2023 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Chairman and CEO, Director
Signature
Stacy Nguyen, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Oct 9, 2023
Transactions value $
-$578,612
Form type
4
Date filed
11/21/2023, 04:12 PM
Previous filing
Jun 9, 2023
Next filing
Jun 25, 2024

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 +56.3K $0.00 56.3K Nov 17, 2023 Direct
transaction VSAT $.0001 par value common stock Tax liability -$579K -29.6K -52.65% $19.52 26.7K Nov 17, 2023 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -26.7K -100% $0.00* 0 Nov 17, 2023 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +26.7K +1.64% $0.00 1.65M Nov 17, 2023 By Trust
holding VSAT $.0001 par value common stock 3.2K Oct 9, 2023 By 401(k) F3

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 employee stock option (right to buy) Award $0 +150K $0.00 150K Oct 9, 2023 common stock 150K $15.96 Direct F4
transaction VSAT restricted stock unit Options Exercise $0 -15.2K -100% $0.00* 0 Nov 17, 2023 common stock 15.2K $0.00 Direct F5, F6
transaction VSAT restricted stock unit Options Exercise $0 -20.1K -50% $0.00 20.1K Nov 17, 2023 common stock 20.1K $0.00 Direct F6, F7
transaction VSAT restricted stock unit Options Exercise $0 -21K -33.33% $0.00 42K Nov 17, 2023 common stock 21K $0.00 Direct F6, F8
* 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 Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust.
F3 Includes 331 shares of common stock the reporting person acquired under the Viasat 401(k)Plan, since the date of the reporting person's last ownership report.
F4 The option becomes exercisable, if at all, based on both time-based vesting (in three increments equal to 33% of the total shares on each of the first three anniversary dates of the grant date) and performance-based vesting (if the average daily closing price of Viasat's common stock over any 45-day period during the three year period following the grant date exceeds certain stock price hurdles of $30.00 or above).
F5 The original restricted stock unit grant was for 60,908 units on 11/15/2019. Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4 on the fourth anniversary of the grant date.
F6 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F7 The original restricted stock unit grant was for 80,208 units on 11/17/2020. Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4 on the fourth anniversary of the grant date.
F8 The original restricted stock unit grant was for 88,518 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 over a four year period commencing on 12/17/2022 and ending on 11/17/2025.