BIDZOS D JAMES 4
Research Summary
AI-generated summary
Verisign (VRSN) Exec. Chairman D. James Bidzos Sells Shares
What Happened
- D. James Bidzos, Verisign’s Executive Chairman, President and CEO, sold a total of 3,300 Verisign shares in open-market transactions on July 7, 2026. The sales consisted of five lots: 100 shares at $263.64 ($26,364); 1,200 shares at a weighted average $264.78 (proceeds $317,734); 1,000 shares at a weighted average $266.41 ($266,409); 900 shares at a weighted average $267.45 (~$240,709); and 100 shares at a weighted average $268.89 ($26,889). Total proceeds were about $878,105. These were sales (not purchases), which are often routine transactions.
Key Details
- Transaction date: July 7, 2026; Form 4 filed July 8, 2026 (next-day filing).
- Individual sale details (shares / reported weighted avg price / proceeds):
- 100 @ $263.64 = $26,364
- 1,200 @ $264.78 = $317,734 (prices ranged $264.68–$265.62)
- 1,000 @ $266.41 = $266,409 (prices ranged $266.09–$266.79)
- 900 @ $267.45 = $240,709 (prices ranged $267.15–$267.86)
- 100 @ $268.89 = $26,889 (prices ranged $268.68–$268.90)
- Total sold: 3,300 shares for ~ $878,105.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Several reported prices are weighted averages reflecting multiple trades; the filer states he will provide a price-by-price breakdown to the SEC upon request.
- Timeliness: Filing appears timely (filed the day after the trades).
Context
- These were open-market sales by an insider. Sales do not necessarily indicate a change in the insider’s view of the company and can reflect routine needs (diversification, tax, estate planning, etc.). No purchases, option exercises, or awards were reported in this filing.