Company: VSAT
Filing Date: 2025-09-25
Form Type: 11-K
Source: 0001193125-25-217139
Chunk: 6

Company: VIASAT INC
Filing Date: 2025-09-25
Form: 11-K
Chunk 6
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 In the event of a Plan termination, participants become 100 % vested in their accounts. Investment Options Participants may direct employer and participant contributions and existing account balances into any of several investment options, including mutual funds, common/collective trusts, a pooled separate account, the Viasat, Inc. Common Stock Fund, self-directed brokerage accounts and a fully benefit-responsive investment contract. Additionally, a participant may transfer amounts from other investment options into the Viasat, Inc. Common Stock Fund, provided that no transfer will cause more than 20 % of a participant’s account to be invested in the Viasat, Inc. Common Stock Fund.

2. Summary of Significant Accounting Policies Basis of Accounting and Accounting Standards Codification The Plan follows accounting standards set by the Financial Accounting Standards Board (the “FASB”), which establishes generally accepted accounting principles in the United States (“GAAP”) that are followed in reporting the statements of net assets available for benefits and statement of changes in net assets available for benefits. The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. References to GAAP issued by the FASB in these notes are to the FASB Accounting Standards Codification, referred to as the “Codification” or “ASC”. Investment Valuation and Income Recognition The Plan follows the fair value measurement and disclosure requirements of ASC 820, which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability. The Plan’s investments are recorded at fair value, except for the fully benefit-responsive investment contract which is reported at contract value. Contract value is the relevant measure for the portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants normally would receive if they were to initiate permitted transactions under the terms of the Plan. See Note 3 – Fair Value Measurements below for further information on the valuation of investments. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation or depreciation in fair value of investments consists of the net change in unrealized gains or losses during the year and the Plan’s gains and losses on investments sold during the year. Administrative Expenses The Company pays certain administrative expenses of the Plan. Direct expenses totaling $ 1,008,575 were paid by the Plan and allocated to the