The cluster is dominated by a single director's large sale and lacks C-suite participation, making it a weak bearish signal. Monitor for any subsequent Form 4 filings from C-suite insiders or a material event (e.g., earnings, contract win/loss) that could explain the timing. The historical win rate on VSAT reports is 56% with positive average alpha, but this specific cluster's proportionality is too small to act on.
Price Chart
Executive Summary
A cluster of four Viasat insiders sold shares totaling $7.45M over the past week, led by Director Richard Baldridge with $7.01M in open-market sales. The selling is concentrated among directors and one senior VP, with no C-suite participation. While the dollar value is modest relative to the $11.6B market cap (0.06%), the cluster's timing and the absence of any disclosed 10b5-1 plan raise a caution flag, though insider sales are generally weak predictors of future returns per academic literature.
Key Financial Metrics
Key Facts
- Four insiders sold shares totaling $7.45M in a 7-day window
- Director Richard Baldridge accounted for $7.01M of the total (94%)
- No C-suite executives (CEO, CFO, COO) participated in the selling
- Total sales represent ~0.06% of Viasat's $11.6B market cap
- No 10b5-1 trading plan disclosed for any of the transactions
Financial Impact
Insider sales of $7.45M, or 0.06% of market cap, are below the 0.1% materiality threshold and considered routine
Risk Factors
- Insider sales could indicate private concerns about upcoming earnings or business conditions
- The lack of a 10b5-1 plan for Baldridge's large sale may attract negative attention from governance-focused investors
- Concentration of selling in a single director reduces the cluster's informational value
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-VSAT-1786525463973 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 4w ago | Insider Cluster | $71.72 $70.38 | ▼ −1.87% | ▼ −0.75% | $72.00 (+0.39%) |
Sep 3, 2026 4w ago | Insider Cluster | $71.72 $70.38 | ▼ −1.87% | ▼ −0.75% | $72.00 (+0.39%) |
Aug 11, 2026 7w ago | Insider Cluster | $84.52 $72.36 | ▼ −14.39% | ▼ −13.33% | $72.00 (−14.81%) |
Aug 11, 2026 7w ago | Insider Cluster | $84.52 $72.36 | ▼ −14.39% | ▼ −13.33% | $72.00 (−14.81%) |
Aug 6, 2026 8w ago | Insider Cluster | $81.99 $71.72 | ▼ −12.53% | ▼ −13.13% | $72.00 (−12.18%) |
Aug 5, 2026 8w ago | Insider Cluster | $81.03 $69.92 | ▼ −13.71% | ▼ −13.11% | $72.00 (−11.14%) |
Jul 16, 2026 11w ago | Press Release | $68.71 $82.90 | ▲ +20.65% | ▲ +17.03% | $72.00 (+4.79%) |
Jul 6, 2026 12w ago | Insider Cluster | $83.80 $76.93 | ▼ −8.20% | ▼ −7.63% | $72.00 (−14.08%) |
Jun 22, 2026 14w ago | 144 | $63.88 $69.51 | ▲ +8.81% | ▲ +7.65% | $72.00 (+12.71%) |
Jun 11, 2026 16w ago | Institutional Cluster | $72.71 $70.39 | ▼ −3.19% | ▼ −5.08% | $72.00 (−0.98%) |
US Market Status
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