[Form 4] Verisk Analytics, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 08/04/2025, Verisk Analytics (VRSK) Chief Information Officer Nicholas Daffan filed a Form 4 detailing option exercises and a related share sale executed under a Rule 10b5-1 plan.

• Options exercised: 2,749 shares at $104 and 1,883 shares at $107.64, stemming from the 2013 Equity Incentive Plan.
• Shares sold: 5,420 common shares at $272.03, yielding roughly $1.5 million in gross proceeds.
• Resulting ownership: Direct holdings move from 55,913 to 55,125 shares (-788 shares, ≈-1.4%). Remaining option balance is 13,897 shares.

The transaction appears routine and pre-planned; while insider selling can be viewed cautiously, the small percentage reduction and concurrent option exercise temper negative interpretations.

Positive

• Pre-planned 10b5-1 designation reduces risk of opportunistic insider trading concerns.
• Officer retains 55,125 shares, maintaining significant equity alignment with shareholders.

Negative

• Net insider sale of 788 shares may be perceived as a mild negative signal despite limited size.
• Cash-out of deep-in-the-money options could be viewed as reduced future upside confidence, although common in liquidity events.

Insights

Securities Analyst

TL;DR Minor, pre-planned sale; negligible impact on VRSK valuation or outlook.

Daffan’s disposal represents less than 2 % of his equity exposure and was executed under a 10b5-1 plan, suggesting no informational motive. Cashing out after exercising deep-in-the-money options is standard liquidity management, especially with shares at ~$272 versus strike prices near $105-108. Given Verisk’s ~$40 bn market cap, a $1.5 m sale is immaterial. I view the filing as neutral for investors.

Corporate Governance Expert

TL;DR Governance-friendly disclosure; limited signalling risk due to 10b5-1.

The presence of a dated 10b5-1 plan (established 03/05/2025) limits concerns over opportunistic timing and aligns with SEC best practices. Net share reduction is minimal, and the officer maintains a meaningful stake, preserving alignment with shareholders. No red flags emerge from the form.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Daffan Nicholas

(Last) (First) (Middle)

C/O VERISK ANALYTICS, INC.

545 WASHINGTON BOULEVARD

(Street)

JERSEY CITY NJ 07310

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Verisk Analytics, Inc. [ VRSK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2025		M		2,749	A	$104	58,662	D
Common Stock	08/04/2025		M		1,883	A	$107.64	60,545	D
Common Stock	08/04/2025		S		5,420	D	$272.03(1)	55,125	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option(2)	$104	08/04/2025		M			2,749	04/01/2019	04/01/2028	Common Stock	2,749	$0.00	8,249	D
Stock Option(2)	$107.64	08/04/2025		M			1,883	07/01/2019	07/01/2028	Common Stock	1,883	$0.00	5,648	D

Explanation of Responses:

1. These shares were sold pursuant to a 10b5-1 plan that Mr. Daffan entered into on March 5, 2025.

2. Stock Options outstanding under the Issuer's 2013 Equity Incentive Plan.

	/s/ Kathy Card Beckles, Attorney-in-fact	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many Verisk (VRSK) shares did CIO Nicholas Daffan sell?

He sold 5,420 common shares on 08/04/2025 at $272.03 each.

What options did Daffan exercise in the Form 4 filing?

He exercised 2,749 options at $104 and 1,883 options at $107.64, both granted under the 2013 plan.

How many VRSK shares does the CIO now own?

Following the transactions, Daffan directly owns 55,125 common shares.

Was the share sale part of a 10b5-1 trading plan?

Yes. The Form 4 states the sale was executed under a Rule 10b5-1 plan adopted on March 5, 2025.

Is the transaction material to Verisk investors?

Given Verisk’s market capitalization, the ≈$1.5 million sale is immaterial and unlikely to affect valuation.