Company: VSAT
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-165436
Chunk: 25

Company: VIASAT INC
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 25
---
 anticipated workforce and equity needs, we believe that the share reserve under the Restated Equity Plan will be sufficient to provide equity incentives to attract, retain, and motivate executives and employees for approximately one year; however, the share reserve may last for a longer or shorter time depending on our hiring needs and fluctuations in our stock price, among other things. The Board will continue to evaluate equity needs in the context of the business and broader compensation program in the future. In addition to the foregoing, as of July 1, 2025, there were 27,353 shares that remained available for issuance under the 2024 Employee Inducement Incentive Award Plan (the “2024 Inducement Plan”). Pursuant to Nasdaq Listing Rules, awards under the 2024 Inducement Plan generally may only be granted to an individual who is commencing employment with the company or who is being rehired following a bona fide interruption of employment by the company, and such awards must be granted in connection with such individual’s commencement of employment with our company and as an inducement material to his or her entering into employment with our company. If the Restated Equity Plan is approved by our stockholders pursuant to this Proposal 4, we will not grant any additional awards under the 2024 Inducement Plan. As a result, if the Restated Equity Plan is approved by our stockholders, the only shares we would have available for issuance of equity awards (other than pursuant to our Employee Stock Purchase Plan) as of the date of the Annual Meeting would be the shares reserved for issuance under the Restated Equity Plan.

| • |     | Removal of Fungible Share Counting Ratio for New Awards. The Equity Plan currently utilizes a fungible ratio under which stock options and stock appreciation rights reduce the share reserve by one share for every share subject to such awards, whereas “full value awards” such as restricted stock units and performance stock units reduce the share reserve by two shares for every one share subject to such full value award. The Restated Equity Plan will not include a fungible ratio for future awards. Accordingly, all awards granted on or after the Restatement Effective Date will reduce the share reserve by one share for every share subject to such award. |

Because the 2-for-1fungible ratio was in place with respect to full value awards made under the Equity Plan prior to the Restatement Effective Date, in general, any shares subject to a “full value award” granted under the share counting provisions