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.