Duffy Shawn Lynn

Chief Accounting Officer Duffy Shawn Lynn sells 51,480 shares (89.5% of holdings) for $1,873,022.49 at VSAT

Duffy Shawn Lynn, SVP and Chief Accounting Officer, executed 2 separate sales on 2025-12-12 totaling 51,480 shares for $1,873,022.49, reducing his position from 57,501 shares to 6,021 shares and divesting 89.5% of his holding. The transaction occurred at a blended average price of $36.38, and the stock currently trades at $34.40, putting the company 13.6% below its 52-week high of $39.82. VSAT is unprofitable with net income of -$61,444,000 against revenue of $1,140,893,000, though the company achieved 5.5% annual revenue growth. While his prior sale at this ticker (2025-09-15) showed a subsequent 90-day gain of 9.0%, indicating the earlier sale was poorly timed, this large liquidation—divesting nearly all open holdings—warrants attention given the executive's role overseeing accounting at an unprofitable company.

VSAT CFO/Chief Accounting Officer sold 50,000 shares ($1.6M) near 52-week highs; company unprofitable with -$56.4M net income.

Shawn Lynn Duffy, SVP and Chief Accounting Officer, sold 50,000 shares at $32.88 on 2025-09-15, reducing holdings by 59.0% from 84,764 shares to 34,764 shares. The sale occurred at $32.88, just 1.7% below the 52-week high of $32.92, and follows a 30-day gain of +18.2% and 90-day gain of +143.1%. The transaction is noteworthy in context of the company's negative fundamentals: VSAT reported a net loss of $56,434,000.00 for its most recent full fiscal year and generated -$56,434,000.00 net income in the latest quarter, despite revenue of $1,171,054,000.00 and positive annual revenue growth of 5.5%. A substantial reduction in holdings by the chief accounting officer—the executive responsible for financial reporting—during a period of strong recent price appreciation but persistent operating losses merits investor attention to understand whether this reflects confidence in near-term recovery or alignment with documented exit opportunities.