Viavi Solutions (NASDAQ: VIAV) director Laura A. Black sold 71,000 shares of common stock on August 17, 2026, according to an SEC Form 4 filing.
The shares were sold at a weighted average price of $46.12 per share, generating total proceeds of approximately $3.3 million from the transaction.
The sale represents a 50% reduction in Black’s direct equity holdings, leaving her with 71,497 shares valued at roughly $3.31 million based on the August 17 market close price of $46.26.
The filing disclosed no indirect holdings through trusts or LLCs, and no stock options or other derivative securities were reported in connection with the transaction.
Viavi shares have surged approximately 329% over the past year, making it the stock’s largest upward move since the dot-com bust era when the company operated under the name JDS Uniphase.
The company currently carries a market capitalization of $11.4 billion, despite reporting a trailing twelve-month net loss of $30.4 million on revenue of $1.5 billion.
Revenue climbed 40% year-over-year during fiscal 2026, which ended June 27, driven by surging demand for network testing and monitoring solutions tied to the global data center construction boom.
The company’s net loss was largely attributable to a significant increase in spending on research and development and selling, general, and administrative expenses during the period.
Viavi operates across three core business segments — Network Enablement, Network Intelligence, and Optical Security — serving telecommunications providers, equipment manufacturers, government agencies, and the aviation industry.
Form 4 filings do not disclose the reasons behind insider sales, but a 50% reduction in a director’s position is a development that investors will likely watch closely.
The scale of the profit-taking is notable given the stock’s dramatic run, though the underlying business fundamentals continue to reflect momentum tied to AI-driven infrastructure investment.
Analysts and investors alike will be monitoring whether additional large insider sales from Black or other Viavi insiders emerge in the coming months as a potential signal worth weighing against the company’s growth trajectory.
