Chase Garrett L., the Chief Financial Officer of Viasat Inc., has reported the sale of 4,000 shares of the company's common stock. This transaction, which took place on October 20, 2026, is significant as it reflects Garrett's management of his stock holdings in alignment with a pre-established trading plan.
The sale was executed under SEC Rule 10b5-1, which allows company insiders to set up a predetermined schedule for selling stocks to avoid allegations of insider trading. This structured approach is designed to enhance transparency and compliance with securities regulations.
Background
Viasat Inc., identified by CIK 0000797721, operates in the communications services sector. The company is known for providing satellite and broadband communications services. The recent filing by Chase Garrett is part of a series of disclosures made to the SEC, with the most recent filings occurring on October 22, 2026, and October 20, 2026.
What the Filing Says
The filing indicates that Garrett sold 3,000 shares at a weighted average price of $58.6703 and 1,000 shares at a weighted average price of $59.419. Following these transactions, he retains ownership of 47,534 shares of Viasat Inc. common stock.
Impact
This sale may affect various stakeholders, including investors and analysts who monitor executive trading activities as indicators of company health and management confidence. The communications services sector, which Viasat operates within, is characterized by active trading and significant executive transactions.
What's Next
The filing does not say what happens next.