OLEG KHAYKIN - 28 Aug 2023 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
President & CEO, Director
Signature
/s/ Donna T. Rossi, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 Aug 2023
Transactions value $
-$1,034,600
Form type
4
Filing time
30 Aug 2023, 18:36:03 UTC
Previous filing
05 Jul 2023
Next filing
28 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIAV Common Stock Options Exercise $0 +87.9K +10.17% $0.00 952K 28 Aug 2023 Direct F1
transaction VIAV Common Stock Tax liability -$375K -36.8K -3.86% $10.21 915K 28 Aug 2023 Direct F2
transaction VIAV Common Stock Options Exercise $0 +69.2K +7.56% $0.00 984K 28 Aug 2023 Direct F1
transaction VIAV Common Stock Tax liability -$296K -29K -2.94% $10.21 955K 28 Aug 2023 Direct F2
transaction VIAV Common Stock Options Exercise $0 +85.1K +8.91% $0.00 1.04M 28 Aug 2023 Direct F1
transaction VIAV Common Stock Tax liability -$364K -35.6K -3.42% $10.21 1M 28 Aug 2023 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VIAV Restricted Stock Unit Award $0 +332K $0.00 332K 28 Aug 2023 Common Stock 332K $0.00 Direct F4, F5
transaction VIAV Market Stock Units Award $0 +332K $0.00 332K 28 Aug 2023 Common Stock 332K $0.00 Direct F6, F7
transaction VIAV Restricted Stock Units Options Exercise $0 -87.9K -100% $0.00* 0 28 Aug 2023 Common Stock 87.9K $0.00 Direct F1, F4, F5
transaction VIAV Restricted Stock Units Options Exercise $0 -69.2K -50% $0.00 69.2K 28 Aug 2023 Common Stock 69.2K $0.00 Direct F1, F4, F5
transaction VIAV Restricted Stock Unit Options Exercise $0 -85.1K -33.33% $0.00 170K 28 Aug 2023 Common Stock 85.1K $0.00 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit converts upon vesting into one share of common stock.
F2 These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
F3 Total includes 1,669 shares purchased pursuant to the ESPP plan.
F4 Units subject to the Award shall vest annually in thee equal installments over three years.
F5 There are no expiration dates on RSUs
F6 See Exhibit 99 - FY2024 MSU for vesting schedule and terms
F7 There are no expiration dates on MSUs.