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Viasat Inc. announced that Chase Garrett L., Senior Vice President and Chief Financial Officer, completed the sale of 4,000 shares of company stock on July 20, 2026, in accordance with a Rule 10b5-1 trading plan established in February 2026. These sales were executed through four separate transactions with prices ranging from $70.00 to $73.68 per share. After these transactions, Garrett maintained beneficial ownership of approximately 31,137 shares of Viasat common stock, including shares held within the company's 401(k) plan.
Key Highlights
- NASDAQ ticker: VSAT
- CFO Chase Garrett L. sold 4,000 shares on July 20, 2026, via a pre-established Rule 10b5-1 trading plan
- Sale prices ranged between $70.00 and $73.68 per share across multiple transactions
- Post-sale beneficial ownership stands at approximately 31,137 shares
- Trading plan adopted on February 25, 2026, providing an affirmative defense under Rule 10b5-1(c)
Details of Executive Stock Sales
On July 20, 2026, Chase Garrett L., Senior Vice President and CFO of Viasat Inc., executed a series of stock sales totaling 4,000 shares of Viasat common stock ($.0001 par value). These sales were conducted pursuant to a Rule 10b5-1 trading plan that Garrett implemented on February 25, 2026. This plan allows insiders to prearrange stock transactions, offering protection against allegations of trading on material nonpublic information.
The sales occurred at varying price points throughout the trading day, with weighted average prices ranging from $70.5505 to $73.68 per share, reflecting market conditions at the time. Garrett did not acquire any shares on the transaction date; the report solely details dispositions of existing holdings.
Breakdown of Transaction Pricing and Execution
The 4,000 shares were sold in four distinct transactions: the first involved 1,000 shares at an average price of $70.5505 per share (ranging from $70.00 to $70.80), the second 1,000 shares at $72.252 per share (prices between $71.665 and $72.65), the third 1,900 shares at $73.0342 per share (ranging from $72.67 to $73.55), and the final 100 shares at $73.68 per share.
Garrett has committed to providing detailed disclosures regarding the exact number of shares sold at each price within the disclosed ranges, ensuring transparency for the company, shareholders, and the Securities and Exchange Commission. The price variations across transactions reflect typical market fluctuations during the trading day.
Beneficial Ownership After Stock Sales
Following the July 20 transactions, Garrett's direct beneficial ownership decreased incrementally: from 33,239 shares after the first sale, to 32,239 after the second, 30,339 after the third, and 30,239 shares following the final transaction.
In addition to direct holdings, Garrett holds an indirect beneficial interest in 898 shares through Viasat's 401(k) plan. Since his last ownership report, he acquired 241 shares under this plan, indicating ongoing participation in the company's retirement program. Combined, Garrett's total beneficial ownership amounts to approximately 31,137 shares.
Overview of Rule 10b5-1 Trading Plan
Garrett’s stock sales were executed under a Rule 10b5-1(c) trading plan, a provision of the Securities Exchange Act of 1934 that permits insiders to set predetermined trading schedules to comply with securities laws. By establishing the plan on February 25, 2026, well ahead of the July 20 sales, Garrett ensured the transactions were not influenced by material nonpublic information.
This framework offers an affirmative defense against insider trading allegations, as the timing and pricing are prearranged and independent of confidential company knowledge. The adoption of such plans is common among executives and directors seeking systematic portfolio management while maintaining regulatory compliance.
Executive Role and Reporting Obligations
Chase Garrett L., as Viasat’s Senior Vice President and CFO, oversees the company’s financial operations, reporting, and capital allocation. His position grants access to material nonpublic information, triggering mandatory reporting under Section 16(a) of the Securities Exchange Act of 1934 for transactions involving company securities.
The filing confirms Garrett remains subject to these reporting requirements and was an active officer at the time of the stock sales on July 20, 2026. Such designations attract regulatory and investor scrutiny regarding insider trading compliance, underscoring the importance of adherence to Rule 10b5-1 plans.
Direct Ownership and Holdings Composition
All of Garrett’s direct holdings consist of Viasat common stock with a par value of $.0001. His direct ownership grants him standard voting and economic rights associated with these shares. The filing details how his direct beneficial ownership changed with each transaction on July 20, 2026.
Garrett’s holdings also include 898 shares held indirectly through the company’s 401(k) plan, a separate investment account subject to distinct vesting and diversification rules. This combination reflects a typical executive wealth strategy, balancing direct equity ownership with retirement plan participation.
Filing and Certification Details
The Form 4 filing was submitted on July 22, 2026, within the regulatory timeframe following the July 20 stock sales. Stacy Nguyen, Attorney-in-Fact, certified the filing on Garrett’s behalf, a common practice facilitating timely compliance.
The certification highlights the legal obligation for truthful reporting under federal law, with penalties for intentional misstatements. The filing was made solely by Garrett, without joint reporting, and includes standard SEC form and OMB approval information.
Regulatory Environment for Insider Transactions
Section 16 of the Securities Exchange Act mandates officers, directors, and significant shareholders to disclose changes in ownership to promote transparency and prevent insider trading abuses. Viasat’s NASDAQ listing subjects it and its executives to these stringent reporting requirements.
Insider transaction reports like Garrett’s Form 4 enable investors, analysts, and regulators to monitor executive trading behavior, assess potential conflicts, and interpret possible signals about company prospects. However, insider transactions alone do not necessarily predict future stock performance.
Investment Insights on Insider Sales
Investors tracking Viasat may consider insider sales as part of broader analysis, recognizing that such transactions often reflect personal financial planning rather than company outlook. Garrett’s use of a Rule 10b5-1 plan, established months before execution, indicates a structured approach rather than reactionary trading.
The 4,000-share sale represents a modest portion of Garrett’s holdings, reducing his beneficial ownership from roughly 35,000 to 31,000 shares, signaling sustained confidence. The sale prices between $70.00 and $73.68 provide insight into Viasat’s trading range on July 20, 2026.
Executive Ownership and Retention
Despite the July 20 sales, Garrett retains a significant stake of approximately 31,137 shares, demonstrating partial portfolio diversification rather than a full exit. His continued acquisition of shares through the 401(k) plan alongside executing sales via the trading plan reflects a balanced equity management strategy.
This combination of direct and retirement plan holdings is typical for senior executives, indicating ongoing commitment to Viasat’s long-term growth and strategic direction.
