Verisign (VRSN) EVP Danny McPherson sells 5,000 common shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verisign Inc. executive Danny R. McPherson, EVP - Technology & CSO, reported an open-market sale of 5,000 shares of Verisign common stock on April 28, 2026. The weighted average sale price was $271.0213 per share, with individual trades ranging from $270.88 to $271.1501. After this transaction, he directly holds 35,195.1627 shares of Verisign common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($1,355,107)
Net Sell
1 txn
Insider
McPherson Danny R
Role
EVP - Technology & CSO
Sold
5,000 shs ($1.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $271.0213 | $1.36M |
Holdings After Transaction:
Common Stock — 35,195.163 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Weighted average sale price: $271.0213 per share
Post-transaction holdings: 35,195.1627 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale of Verisign common stock on April 28, 2026
Weighted average sale price
$271.0213 per share
Price for 5,000 Verisign common shares sold
Post-transaction holdings
35,195.1627 shares
Direct ownership after the reported sale
Price range of trades
$270.88–$271.1501 per share
Range for individual sale transactions included in Form 4
Key Terms
open-market sale, weighted average price, Common Stock, Form 4
4 terms
open-market sale financial
"The transaction is described as an open-market sale of common stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported is the weighted average price for multiple transactions."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"The security involved in the transaction is listed as Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"This insider transaction is reported on a Form 4 filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Verisign (VRSN) EVP Danny R. McPherson report in this Form 4?
Danny R. McPherson reported selling 5,000 shares of Verisign common stock. The shares were sold in an open-market transaction and this filing updates his direct ownership position following the sale.
What does the weighted average price disclosure mean in this Verisign (VRSN) Form 4?
The weighted average price summarizes multiple trades into a single average price figure. The filer notes that the 5,000 shares were sold in several transactions and offers to provide detailed, trade-by-trade pricing information to the SEC upon request.