SVP Benjamin Palmer sells 23,808 shares for $1,758,156.69 via pre-arranged 10b5-1 plan at VSAT
Benjamin Edward Palmer (SVP, Pres Commercial) executed two separate sales totaling 23,808 shares for $1,758,156.69 on June 1–2, 2026, pursuant to a pre-arranged 10b5-1 trading plan adopted on 2025-12-11. His non-derivative holdings declined from 42,039 shares to 18,231 shares, but he retains 23,592 shares through employee stock options. The sales occurred near the stock's 52-week high range (current price $67.18 is -25.2% from the 52-week high of $89.78), though the company remains unprofitable on a full-year basis despite positive quarterly revenue of $1,157,045,000.00. Because this is a scheduled 10b5-1 transaction rather than a discretionary trade, the timing reflects plan mechanics rather than a discretionary market decision.