President and Chief Executive Officer Pete A. Smith of Aviat Networks (NASDAQ:AVNW) completed a sale of 17,086 shares of the company's common stock on February 9, 2026, generating proceeds of approximately $449,812. The disposition was conducted at a weighted average price of $26.3264, with transaction prices spanning $26.05 to $26.60. The sale was publicly disclosed in a Form 4 filing with the Securities and Exchange Commission.
On the same date, Smith exercised stock options to acquire 26,386 shares of Aviat Networks common stock at an exercise price of $11 per share, representing a total exercised value of $290,246. These options originated from a non-qualified stock option grant and were subject to an adjustment under a 2-for-1 stock split on April 8, 2021, which altered the effective grant price.
After accounting for the sale and the options exercise, Smith directly holds 358,747 shares of Aviat Networks common stock.
Smith's transactions occurred while Aviat's share price was trading close to its 52-week high of $27.02 and after the stock recorded a gain of more than 16 percent over the prior week.
Separately, Aviat Networks reported fiscal second-quarter 2026 results that outperformed analysts' expectations. The company recorded adjusted EBITDA of $11.3 million versus a consensus estimate of $10.8 million, and revenue of $111.5 million compared with an anticipated $109.7 million. On a non-GAAP basis, Aviat posted earnings per share of $0.54, exceeding an expected $0.50. Analysts had previously forecasted an EPS of $0.52, and the company surpassed that projection as well.
Following the quarterly results, Citizens reiterated its Market Outperform rating on Aviat Networks and maintained a price target of $30.00.
These corporate disclosures - the insider sale and option exercise, the Form 4 filing, and the quarter's financial beat together with an analyst rating reaffirmation - were all noted in filings and corporate reports released around the same time. The filings and reported figures provide the factual basis for the transactions and the financial performance described here.