Research Summary
AI-generated summary of this SEC filing
Verisign (VRSN) CEO D. James Bidzos Sells Shares
What Happened
D. James Bidzos, Verisign’s Executive Chairman, President & CEO and a director, sold a total of 3,300 Verisign shares in open-market transactions on August 25, 2026, for aggregate proceeds of approximately $960,812. The trades were reported in four lots: 1,700 shares at a weighted avg. $289.28 ($491,769), 500 shares at $292.18 ($146,090), 1,000 shares at $293.53 ($293,531), and 100 shares at $294.22 ($29,422). These were outright sales (transaction code S), not purchases or option exercises.
Key Details
- Transaction date: August 25, 2026; Form 4 filed with the SEC on August 26, 2026 (timely filing).
- Shares sold: 3,300 total; total proceeds ≈ $960,812.
- Reported prices (weighted averages) and ranges per footnotes:
- 1,700 shares: $289.28 (sales ranged $289.00–$289.81) — F1
- 500 shares: $292.18 (sales ranged $291.78–$292.55) — F2
- 1,000 shares: $293.53 (sales ranged $292.97–$293.90) — F3
- 100 shares: $294.22 (single lot reported)
- Shares owned after the transaction: not disclosed in the information provided in this filing.
- No indication in the filing of a 10b5-1 plan, tax-withholding disposition, option exercise, or gift related to these sales.
Context
- These were open-market sales (routine dispositions), which are common for insiders for diversification or liquidity and do not by themselves indicate a change in company outlook.
- Footnotes note that the reported prices are weighted averages and the filer will provide per-price breakdowns to the SEC upon request.