VeriSign Executive Chairman & CEO Sells $964K in Stock Under 10b5-1 Plan
VERISIGN INC/CA
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Filing Summary
📊 Insider Sale Alert: VeriSign, Inc. (NASDAQ: VRSN)
Insider: D. James Bidzos (Exec. Chairman, Pres, & CEO) Transaction Date: October 6, 2026 Action: Sold 3,300 shares (Direct) Average Price: ~$292.33 Total Value: ~$964,691 Shares Remaining: 378,427.41 shares Notes: Executed under a pre-established Rule 10b5-1 trading plan.
Comprehensive Analysis
Executive Summary
On October 7, 2026, VeriSign, Inc. ($VRSN) filed a Form 4 disclosing that Executive Chairman, President, and CEO D. James Bidzos sold 3,300 shares of common stock on October 6, 2026. The sales were executed in three tranches at weighted average prices between $291.63 and $294.09, resulting in gross proceeds of approximately $964,691.
Transaction Breakdown
- Tranche 1: 1,800 shares at a weighted average price of $291.6327 (range: $290.91 – $291.87)
- Tranche 2: 1,100 shares at a weighted average price of $292.8318 (range: $292.47 – $293.31)
- Tranche 3: 400 shares at a weighted average price of $294.0925 (range: $293.72 – $294.40)
Context and Holdings Analysis
- Plan Execution: The transactions were made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by Mr. Bidzos.
- Position Impact: Following these transactions, Mr. Bidzos retains direct ownership of 378,427.41 shares. The disposition represents approximately 0.86% of his pre-transaction direct holdings.
- Market Impact: Given that the sale represents a routine, small percentage of the executive's total equity position and was executed under a Rule 10b5-1 plan, it presents low informational significance for broader market sentiment.
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