VeriSign Officer Files Form 144 for Proposed $989K Common Stock Sale
VERISIGN INC/CA
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Filing Summary
📢 Form 144 Notice: VeriSign, Inc. ($VRSN) • Insider: Danny McPherson (Officer) • Shares Proposed to Sell: 3,256 • Aggregate Market Value: $989,482.12 (~$303.90/share) • Approximate Date of Sale: 10/26/2026 • Broker: Morgan Stanley Smith Barney LLC • Context: Shares acquired via restricted stock and performance shares vesting between 2024 and 2025.
Comprehensive Analysis
Summary of Proposed Sale
Danny McPherson, an Officer at VeriSign, Inc. ($VRSN), has filed a Form 144 notice disclosing an intention to sell up to 3,256 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of approximately $989,482.12 (implied price of ~$303.90 per share).
Transaction Details
- Securities to be Sold: 3,256 shares of Common Stock
- Acquisition Origin:
- 2,849 shares acquired on 02/15/2024 via Restricted Stock vesting.
- 407 shares acquired on 02/13/2025 via Performance Shares vesting.
- Approximate Sale Date: 10/26/2026
- Shares Outstanding: 89,700,000 (proposed sale represents less than 0.01% of outstanding shares)
Trading Assessment
- Significance: Low
- Rationale: The transaction represents equity compensation monetization from previously vested RSUs and performance shares. The volume is negligible compared to the total shares outstanding and daily trading liquidity.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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