The insider cluster is too small relative to market cap to warrant a bearish read. The SVP's sale is a routine cash-out of exercised options, not a conviction sell. Monitor for any larger insider sales (>$5M) that would breach the 0.1% materiality threshold. The earnings report's positive net income swing and VS-3 satellite progress are more relevant catalysts.
Price Chart
Executive Summary
Two Viasat insiders (CFO and SVP/President Commercial) sold a total of ~$1.65M in open-market sales over a 7-day window, following the company's Q4 FY2026 earnings report. The CFO's sale was small ($86K), while the SVP's sale of $1.56M was part of a derivative exercise and sale at ~$73/share. The cluster represents ~0.017% of market cap, well below the 0.1% threshold for materiality, and the SVP's sale appears to be a routine cash-out of exercised options, not a bearish signal.
Key Financial Metrics
Key Facts
- Total insider sales of ~$1.65M represent ~0.017% of $10.0B market cap — trivial proportionality
- CFO Chase Garrett sold 1,201 shares for $86K on June 3 at $71.85
- SVP Palmer Benjamin Edward sold 21,408 shares for $1.56M on June 2 at $73.09, after exercising options at $15.96/share
- SVP Palmer also exercised 21,408 options at $0 (non-cash) on June 2
- Cluster follows Viasat's Q4 FY2026 earnings (May 28) which showed net income swing to $59M from -$246M YoY
- No 10b5-1 plan noted, but the SVP's sale pattern (exercise + immediate sale) is typical of option monetization
Financial Impact
Total insider sales of ~$1.65M, or ~0.017% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if management loses confidence in FY2027 guidance
- Communication Services segment revenue declined 2% YoY — segment headwinds could pressure stock
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-1780690747599 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access