08/19/2025 | Press release | Distributed by Public on 08/19/2025 14:48
|
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
|
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| restricted stock unit | $ 0 | 08/17/2025 | M | 5,000 | (3) | (6) | common stock | 5,000 | $ 0 | 10,000 | D | ||||
| restricted stock unit | (4) | 08/17/2025 | M | 45,940 | (5) | (6) | common stock | 45,940 | $ 0 | 45,940 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Palmer Benjamin Edward 6155 EL CAMINO REAL CARLSBAD, CA 92009 |
President, Maritime | |||
| Stacy Nguyen, Attorney-in-Fact | 08/19/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The number of shares of common stock beneficially owned following the transactions reported herein reflects a correction to the Reporting Person's total share ownership, which was inadvertently overstated by 500 shares on the Form 4 filed June 10, 2025. |
| (2) | 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. |
| (3) | The original award was for 20,000 restricted stock units on 08/17/2023. Subject to the Reporting Person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer (on a 1-for-1 basis) in four (4) equal annual installments beginning on 08/17/2024. |
| (4) | Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock. |
| (5) | The units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 34% on August 17, 2026; 33% on June 7, 2027; and 33% on June 7, 2028. |
| (6) | Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer. |