Company: VSAT
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-165436
Chunk: 30

Company: VIASAT INC
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 30
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 to reflect the transaction). |

| (8) | 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, as of the date of the Annual Meeting, the only shares we would have available for issuance of equity awards (other than pursuant to our employee stock purchase plan) would be the shares reserved for issuance under the Restated Equity Plan. |

In fiscal years 2025, 2024 and 2023, our annual gross burn rates under the Equity Plan were 3.40%, 2.58% and 3.67%, respectively (calculated by dividing (1) the number of shares subject to equity awards granted during the applicable fiscal year (with performance awards at “target” performance) by (2) the weighted-average number of shares outstanding during such fiscal year). In fiscal years 2025, 2024 and 2023, our annual adjusted burn rates under the Equity Plan were 2.91%, 1.29% and 2.94%, respectively (calculated by dividing (1) the number of shares subject to time-based equity awards granted during the applicable fiscal year and the number of performance-based awards earned during the applicable fiscal year, by (2) the weighted-average number of shares outstanding during such fiscal year). As permitted under the burn rate calculation policy published by ISS, the foregoing adjusted burn rate calculations exclude the performance-based awards granted during fiscal years 2025, 2024 and 2023. In fiscal years 2024 and 2023, we issued market-based performance stock options to purchase an aggregate of 1,513,923 and 557,687 shares of our common stock at “target” performance, respectively, which represented 1.29% and 0.73% of the weighted-average number of shares outstanding during fiscal years 2024 and 2023, respectively. None of the performance-based stock options granted in fiscal years 2024 and 2023 have been earned to date. In fiscal year 2025 we issued performance stock units with respect to an aggregate of 635,585 shares at “target” performance which represented 0.49% of the weighted-average number of shares outstanding during fiscal year 2025. For purposes of the foregoing adjusted burn rate calculations, none of the performance stock units were earned during fiscal year