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On August 16, Michael James Dodd, the President of Viasat VSAT, made a significant insider sell, according to a filing from the U.S. Securities and Exchange Commission (SEC). The filing revealed that Dodd sold 5,000 shares of Viasat, with a total transaction value of 6,550. Currently, Viasat shares are trading at .5, representing a 0.64% decrease.

Insider transactions can be an important factor for investors to consider, although they should not be the sole basis for investment decisions. In legal terms, an “insider” refers to any shareholder who owns at least 10% of a company, including executives and large hedge funds. These insiders are required to report their transactions to the public through a Form 4 filing, which must be submitted within two business days of the transaction.

While a new purchase by a company insider may indicate their positive outlook on the stock, insider sells can have various reasons and do not necessarily imply a negative outlook on the stock. Investors often focus on transactions that occur in the open market, as indicated in Table I of the Form 4 filing. A ‘P’ in Box 3 represents a purchase, while ‘S’ represents a sale. Additionally, transaction code ‘C’ indicates the conversion of an option, while transaction code ‘A’ suggests that the insider may have been required to sell shares to receive promised compensation upon joining the company.

For a comprehensive list of Viasat’s insider trades, please refer to the provided link.

Note: This article has been generated by Benzinga’s automated content engine and reviewed by an editor.

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