OTPPB Amends Viasat Stake Filing

TL;DR

OTPPB updated its Viasat filing, watch for changes in their stake.

AI Summary

Ontario Teachers' Pension Plan Board (OTPPB) filed an amendment to its Schedule 13D on August 14, 2024, regarding its holdings in Viasat Inc. The filing indicates a change in the beneficial ownership of Viasat's common stock. OTPPB is a significant institutional investor.

Why It Matters

This amendment signals a potential shift in the investment strategy or holdings of a major pension fund in Viasat, which could influence market perception and stock price.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate significant changes in a major shareholder's position, potentially impacting the stock.

Key Players & Entities

• Ontario Teachers' Pension Plan Board (company) — Filing entity
• Viasat Inc. (company) — Subject company
• Jeff Davis (person) — Authorized contact for OTPPB

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

• vsat-sc13da_081424.htm (SC 13D/A) — 64KB
• 0001999371-24-010184.txt ( ) — 65KB

of the Schedule 13D is amended to

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

-13 on each of the cover pages of this statement on Schedule 13D are incorporated herein by reference

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, OTPP directly holds 8,545,334 shares of Common Stock. As a result of 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 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 Agreement among OTPP, the Reporting Persons and Other Parties, the Reporting Persons collectively sold 11,245,769 shares of Common Stock in the Block Sale for $19.90 per share. The Reporting Persons have not otherwise transacted in the Issuer’s securities within the prior 60 days. To the best knowledge of the Reporting Person, no person oth

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View this SC 13D/A filing on SEC EDGAR