OLEG KHAYKIN - 28 Feb 2025 Form 4 Insider Report for VIAVI SOLUTIONS INC. (VIAV)

Role
President & CEO, Director
Signature
/s/ Nandini Acharya, attorney-in-fact
Issuer symbol
VIAV
Transactions as of
28 Feb 2025
Transactions value $
-$1,760,604
Form type
4
Filing time
04 Mar 2025, 15:50:22 UTC
Previous filing
18 Feb 2025
Next filing
20 Mar 2025
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 +245K +16.43% $0.00 1.74M 28 Feb 2025 Direct F1
transaction VIAV Common Stock Tax liability -$1.17M -105K -6.05% $11.18 1.63M 28 Feb 2025 Direct F2
transaction VIAV Common Stock Options Exercise $0 +123K +7.51% $0.00 1.75M 01 Mar 2025 Direct F1
transaction VIAV Common Stock Tax liability -$587K -52.5K -2.99% $11.18 1.7M 01 Mar 2025 Direct F2
holding VIAV Common Stock 119K 28 Feb 2025 Held by reporting person's spouse

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 Units Options Exercise $0 -245K -100% $0.00 0 28 Feb 2025 Common Stock 245K $0.00 Direct F3, F4
transaction VIAV Performance Stock Units Options Exercise $0 -123K -100% $0.00 0 01 Mar 2025 Common Stock 123K $0.00 Direct F5, F6
* 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 or performance stock award, as applicable. The amount retained by the Company was not in excess of the amount of the tax liability.
F3 Units subject to the Award shall vest on the four year anniversary of the grant date.
F4 There are no expiration dates on RSUs.
F5 Represents performance stock units for which the performance condition was determined by the Board to have been satisfied on December 12, 2022, which will vest in full on March 1, 2025, subject to the reporting person's continued service through the vesting date.
F6 There are no expiration dates on PSUs.