Burns Richard John

Burns Richard John, President of Semiconductor Test, has demonstrated a clear selling bias across his two reported holdings—Teradyne Inc. (TER) and Viavi Solutions Inc. (VIAV)—with $1.72 million in total sales against $479,283 in buys over 25 transactions. His recent activity, particularly in 2025, has been exclusively dispositive, including eight sales with no purchases. The largest TER sales occurred in early 2025, with a $181,523 transaction on January 29 and a $49,047 sale the following day, part of a broader pattern that included multiple six-figure dispositions earlier in January and May 2024. His VIAV activity has been lighter, with a single $63,484 sale on December 10, 2025, following earlier awards and option-related transactions with no reported value. The data suggests a strategic reduction in TER exposure, with Burns executing multiple sales in concentrated bursts—notably in January 2025 and May 2024, where transactions like the $369,740 and $319,140 sales were paired with smaller derivative transactions. The absence of recent buys, coupled with the scale of disposals, indicates a shift away from accumulation. While some filings reflect awards or option exercises (coded "A" or "F"), the monetization of these positions through sales ("S") underscores a consistent trend toward liquidity. The activity in VIAV remains limited, with only one monetized trade in the period reviewed.