ONTARIO TEACHERS PENSION PLAN BOARD

ONTARIO TEACHERS PENSION PLAN BOARD sold 3,750,000 shares of VSAT at $9.00 (Feb 10), reducing stake by 43.9% to 4,795,334 shares post-transaction.

Ontario Teachers Pension Plan Board divested 3,750,000 shares (43.9% of pre-transaction holdings) at $9.00, leaving a stake of 4,795,334 shares. The transaction occurred at a price -63.3% below the 52-week high of $24.49, and on the same day the stock trades at $8.98 (essentially flat to the sale price). The insider's single prior sale at VSAT in August 2024 was well-timed at the 90-day mark (90d return -54.8%), yet this substantial reduction contradicts a pattern of value-preservation; the company remains unprofitable with net income of $-158,413,000.00 despite annual revenue growth of +67.6%. The magnitude of this stake reduction warrants scrutiny into whether the insider perceives limited upside at current valuations or faces capital constraints.

Ontario Teachers Pension Plan sold 2,811,442 shares of VSAT at $19.90 on 2024-08-12, reducing stake by 24.8%; stock down 46.5% from 52-week high.

Ontario Teachers Pension Plan Board sold 2,811,442 shares at $19.90, trimming its holding from 11,356,776 to 8,545,334 shares (a 24.8% reduction) and raising $55.9M. The sale occurred at a price significantly above the current $16.77 level, representing execution 19.3% above today's trading price. VSAT fundamentals remain weak: the company reported negative net income of $-32,912,000 in its latest quarter despite strong 67.6% annual revenue growth, and it remained unprofitable over its most recent full fiscal year. The insider's cross-ticker track record shows only 2 prior sells with a well-timed rate of 0.00%, indicating no documented pattern of selling ahead of stock declines. The stock is currently -46.5% from its 52-week high of $31.36, suggesting the transaction occurred before a significant drawdown that materialized after the August 2024 sale date.