Luke M. Scrivanich, who serves as Senior Vice President and General Manager for OSP at Viavi Solutions Inc (NASDAQ:VIAV), completed a sale of common stock on February 13, 2026. The filing shows 13,901 shares were sold at $26.59 per share, producing total proceeds of $369,627.
Following that disposition, Scrivanich is recorded as directly owning 49,980 shares of Viavi Solutions common stock. That total explicitly incorporates an exempt purchase of 2,061 shares made under the company's Employee Stock Purchase Plan (ESPP) on January 30, 2026.
The insider sale was disclosed in a Form 4 filing submitted to the Securities and Exchange Commission, as required for certain transactions by corporate insiders.
In a separate corporate update, Viavi Solutions reported fiscal second-quarter results for 2026 that exceeded market forecasts. The company posted earnings per share of $0.22, versus a consensus expectation of $0.19, representing a 15.79% earnings surprise. Revenue for the quarter was reported at $369.3 million, modestly above the anticipated $365.25 million. According to the report, these results were well-received by investors.
The combined disclosures - the insider sale and the quarterly financial report - were recorded as recent updates relating to Viavi Solutions. The Form 4 filing documents the specific details of the share sale, while the company's quarterly release provides the headline financial metrics.
Below are the core facts from the filings and corporate disclosure, presented without extrapolation beyond the reported information:
- Insider transaction: 13,901 shares sold on February 13, 2026, at $26.59 per share, totaling $369,627.
- Post-sale holdings: Scrivanich directly owns 49,980 shares, which include a 2,061-share ESPP exempt purchase dated January 30, 2026.
- Regulatory disclosure: The sale was reported on a Form 4 filed with the U.S. Securities and Exchange Commission.
- Quarterly results: Q2 fiscal 2026 EPS of $0.22 versus a $0.19 estimate (15.79% surprise); revenue of $369.3 million versus an expected $365.25 million.
The information above is limited to what was provided in the filings and the company’s financial release; no additional motives, intentions, or forward-looking guidance were included in those disclosures.