CPP Investment Board Amends Viasat Stake Filing

TL;DR

CPPIB updated its Viasat filing, watch for ownership changes.

AI Summary

CPP Investment Board Private Holdings (4) Inc. filed an amendment (No. 1) to its Schedule 13D on August 14, 2024, regarding its holdings in Viasat, Inc. The filing indicates a change in the reporting person, with Patrice Walch-Watson now listed as the authorized contact for CPP Investment Board Private Holdings (4) Inc. The specific details of the change in beneficial ownership or the exact number of shares held are not detailed in this excerpt.

Why It Matters

This amendment signals a potential shift or update in the investment strategy or reporting structure of a significant institutional investor in Viasat, Inc.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in significant shareholder positions, which may impact stock price and corporate strategy.

Key Players & Entities

• CPP Investment Board Private Holdings (4) Inc. (company) — Filing entity
• Viasat, Inc. (company) — Subject company
• Patrice Walch-Watson (person) — Authorized contact for filing entity
• August 14, 2024 (date) — Filing date
• August 12, 2024 (date) — Date as of change

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $19.90 — as amended, at a net price per share of $19.90 (the “Block Sale”). The Rep

Filing Documents

• tm2421750d1_sc13da.htm (SC 13D/A) — 79KB
• 0001104659-24-089830.txt ( ) — 81KB

Identity and Background

Item 2. Identity and Background Schedule I to the Schedule 13D is hereby amended and replaced in its entirety with Schedule I attached hereto.

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is amended to add the

Item 4 of the Schedule 13D is amended to add the following at the end thereof: Rule 144 Sale On August 12, 2024, certain of the Investor Sellers sold an aggregate of 11,245,769 shares of Common Stock in an unregistered block sale transaction pursuant to Rule 144 under the Securities Act of 1933, as amended, at a net price per share of $19.90 (the “Block Sale”). The Reporting Persons sold an aggregate of 2,811,442 shares of Common Stock pursuant to the Block Sale. The Block Sale was consummated as part of the Reporting Persons normal course evaluation of its investment. The Reporting Persons intend to monitor and evaluate their investment on an ongoing basis and expect regularly to review and consider alternative ways of maximizing their return on such investment. Subject to market conditions, valuations, regulatory approvals and any other approvals, the Reporting Persons may acquire additional securities of the Issuer or dispose of any or all securities of the Issuer in open market transactions, privately negotiated transactions or otherwise. In exploring ways to maximize the return on its investment, and as part of its ongoing investment activities, the Reporting Persons may engage in discussions with representatives of the Issuer and/or with other holders of the Issuer’s securities and, from time to time, suggest or take a position regarding, or participate in, a variety of matters relating to the Issuer, which may include, among other things, the Issuer’s operations, management, corporate governance, capital structure or its control, strategic alternatives and direction. To facilitate its consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take so

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. The information contained in Items 5 (a)-(d) is hereby amended and restated in its entirety. (a) The responses to Item 7-13 on each of the cover pages of this statement on Schedule 13D are incorporated herein by reference. (b) After giving effect to closing of the Block Sale, CPPIB-PH(4)I directly holds 8,545,334 shares of Common Stock. CPPIB-PH(4)I is a wholly-owned subsidiary of CPPIB, thus CPPIB is an indirect beneficial owner of such Common Stock owned by CPPIB-PH(4)I. As a result of the Stockholders Agreement and the Coordination Agreement described in Item 6, the Investor Sellers may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Exchange Act. Such “group” would beneficially own an aggregate of 34,181,334 shares of Common Stock, representing 26.75% shares of Common Stock outstanding as of July 26, 2024, based on information provided by the Issuer. The securities reported herein by the Reporting Persons do not include any Common Stock beneficially owned by the other parties to the Stockholders Agreement or the Coordination Agreement not included as Reporting Persons on this Schedule 13D (the “Other Shares” and “Other Parties,” respectively). The Other Parties have been notified that they may need to file separate beneficial ownership reports with the SEC related to their beneficial ownership of the Other Shares and membership in the “group” described herein. Neither the filing of this Schedule 13D nor any of its contents, however, shall be deemed to constitute an admission by the Reporting Persons that any of them is the beneficial owner of any of Other Shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. (c) The information set forth in Item 3 above is incorporated by reference into this Item 5(c). (d) Pursuant to the Coordination Agreemen

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The information set forth in Item 5 of this Statement is herein incorporated to the Schedule 13D.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits Exhibit F: Power of Attorney for Canada Pension Plan Investment Board SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: August 14, 2024 CPP INVESTMENT BOARD PRIVATE HOLDINGS (4) INC. By /s/ Ryan Barry Name: Ryan Barry Title: Secretary CANADA PENSION PLAN INVESTMENT BOARD By: /s/ Kathryn Daniels Name: Kathryn Daniels Title: Managing Director, Head of Compliance Schedule I Directors and Officers of Canada Pension Plan Investment Board The name, present principal occupation or employment, forth below. Directors of Canada Pension Plan Investment Board Judith Athaide c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupation: Corporate Executive, The Cogent Group Inc. Citizenship: Canada, United Kingdom Sylvia Chrominska c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupation: Corporate Director Citizenship: Canada Dean Connor c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupation: Corporate Director Citizenship: Canada William ‘Mark’ Evans c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupation: Corporate Director Citizenship: Canada Ashleigh Everett c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupation: Corporate Executive, Royal Canadian Securities Limited Citizenship: Canada Tahira Hassan c/o Canada Pension Plan Investment Board, One Queen Street East, Suite 2500, Toronto, ON M5C 2W5 Principal Occupatio

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