Ilan Daskal, Executive Vice President and Chief Financial Officer of VIAVI Solutions Inc., filed a Form 4 on September 23, 2026, reporting multiple market stock unit vestings and associated tax-withholding share dispositions that occurred on September 22, 2026.

Key Highlights

  • First vesting event: 82,671 shares of common stock were acquired via conversion of market-leveraged stock units (transaction code M) at $0, representing the 2nd tranche of an August 28, 2024 grant at 150.00% of target.
  • Second vesting event: 71,127 shares were acquired via conversion of market-leveraged stock units (transaction code M) at $0, representing the 1st tranche of an August 28, 2025 grant at 150.00% of target.
  • Tax withholding disposals: 37,285 shares were disposed of at $36.4 per share, and 32,079 shares were disposed of at $36.4 per share, both retained by the company to satisfy tax withholding obligations.
  • New MSU grants recorded: Two new market stock unit awards of 56,820 and 98,914 units, respectively, were reported as acquired (transaction code A), both originating from a November 28, 2023 grant that vests on November 28, 2026, subject to continued service.
  • Resulting direct ownership: Following all reported transactions, Daskal directly held 94,566 shares of common stock.
  • Remaining MSU holdings: Daskal held 55,115, 94,840, 37,880, and 131,888 market stock units following the reported transactions.

Details of Ilan Daskal's Market Stock Unit Transactions at VIAVI Solutions

According to the filing, Ilan Daskal, identified as EVP and CFO of VIAVI Solutions Inc. (NASDAQ:VIAV), reported a series of transactions on September 22, 2026, all involving market stock units (MSUs). The filing notes that each stock unit converts upon vesting into one share of common stock, and that there are no expiration dates on MSUs.

The two vesting events involved tranches from separate grants. The filing states that the 82,671-share vesting reflects the 2nd tranche of market-leveraged stock units granted on August 28, 2024, at 150.00% of target "based on our total stockholder return during the performance periods as stated on the grant agreement." The 71,127-share vesting reflects the 1st tranche of market-leveraged stock units granted on August 28, 2025, also at 150.00% of target on the same basis. In connection with these vestings, the company retained 37,285 and 32,079 shares, respectively, to meet tax withholding obligations. The filing specifies that "the amount retained by the Company was not in excess of the amount of the tax liability."

Separately, two MSU awards of 56,820 and 98,914 units were reported as acquired. The filing describes these as originating from a November 28, 2023 grant, "which reflect the satisfaction of performance metrics," with vesting scheduled for November 28, 2026, subject to continued service. The form was signed by Donna T. Rossi as attorney-in-fact on September 23, 2026.

What Was Disclosed

The filing disclosed MSU vestings, associated tax-withholding share retentions by the company, and the recording of previously granted but newly reportable MSU awards for VIAVI Solutions CFO Ilan Daskal, all transacted on September 22, 2026.