VIAV VIAVI SOLUTIONS INC. Insider Trading

CEO Oleg Khaykin sells ~260k shares worth $13.4M in two consecutive days, continuing pattern of poor-timing exits.

Oleg Khaykin, VIAVI's President and CEO, sold approximately 260,000 shares across two trading days for a combined $13.4 million. This marks the continuation of a stark pattern: all five of his prior sales at this company have seen the stock rise afterward, meaning he has exited at positions that proved to be local lows rather than peaks. While the stock has recovered sharply in recent months and is trading somewhat below its highs, the CEO's track record suggests his timing on exits remains consistently poor—he is systematically selling before rallies, not into them. The company remains profitable with growing annual revenue, though the most recent quarter showed a net loss, and the elevated valuation multiple reflects the market's current pricing of the business. This sale is notable not for what it says about Khaykin's confidence in VIAVI, but for what it reveals about his continued difficulty timing exits: a CEO who has sold frequently but never at inflection points where it mattered.

VIAV CEO Oleg Khaykin sells 34,024 shares, his third divestiture in two trading days amid sharp stock rally.

Oleg Khaykin, President and CEO of VIAVI Solutions, sold over 34,000 shares on May 6th, continuing a pattern of aggressive selling that has now included three separate transactions within two trading days. This comes as the stock has surged significantly from depressed lows, though it remains modestly below its recent highs. Notably, Khaykin's five prior sales in this stock all saw shares appreciate afterward—a track record indicating consistently poor timing on his exits, suggesting he has repeatedly sold too early. While the company remains profitable with growing annual revenue, the latest quarterly earnings turned negative, and the valuation now appears stretched, raising questions about whether the CEO's repeated exits reflect caution about near-term momentum or other concerns. The rapid succession of three sales within two days is unusual and worth monitoring for any signals of internal sentiment shifts, though the prior poor timing on exits limits how much conviction this pattern alone should command.

CEO Oleg Khaykin sold ~125k shares for $6.8M; stock near 52-week highs after sharp rally, but all prior exits poorly timed.

Oleg Khaykin, the company's President and CEO, sold approximately 125,000 shares in two transactions on the same day for a combined $6.8 million, disposing of about 7% of his holdings while retaining over a million shares. The sales occurred as the stock trades near its 52-week high following a strong recent rally, which might suggest opportunistic selling into strength. However, Khaykin's track record with VIAVI shares tells a cautionary tale: all five of his previous sales at this stock were poorly timed, with the stock climbing measurably after each exit. This pattern suggests he has historically misjudged exit points at this company. The company remains profitable with growing annual revenue, though the most recent quarter showed a net loss, creating mixed fundamental signals. Given the CEO's consistent difficulty timing exits at his own company and the current elevated price position, investors should monitor whether this sale marks the beginning of a sustained weakness or another instance of the insider selling prematurely into a continuing advance.

Director Richard Belluzzo sold 51,110 shares for $2.7M, his 9th open-market sale in 3 years.

Richard Belluzzo, a director of VIAVI Solutions, sold a substantial block of shares totaling nearly $2.7 million—representing roughly one-quarter of his holdings. This marks his ninth open-market sale over the past three years, establishing a consistent pattern of share reduction with no offsetting open-market purchases during this period. The stock itself has staged a dramatic rally, climbing nearly double over the past three months and recovering to trade only moderately below its 52-week high, suggesting Belluzzo chose to sell into strength rather than weakness. Against this backdrop, the company remains profitable with growing revenue on an annual basis, though the latest quarterly results showed a net loss—a potential signal of operational pressure despite overall year-over-year growth trends. The combination of Belluzzo's persistent pattern of selling, the scale of this transaction, and the recent quarterly losses creates a mixed picture that retail investors should monitor.