Verisign (VRSN) CEO uses shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verisign Inc. executive D. James Bidzos, the company’s Executive Chairman, President, and CEO, reported several tax-related share dispositions in Verisign common stock. On February 15, 2026, multiple transactions coded “F” transferred shares at $219.03 per share to pay tax liabilities tied to vesting restricted stock units under Rule 16b-3. After these withholding transactions, Bidzos directly owned 443,927.5976 shares of Verisign common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BIDZOS D JAMES
Role
Exec. Chairman, Pres, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 417.187 | $219.03 | $91K |
| Tax Withholding | Common Stock | 465.243 | $219.03 | $102K |
| Tax Withholding | Common Stock | 594.07 | $219.03 | $130K |
| Tax Withholding | Common Stock | 2,322.04 | $219.03 | $509K |
Holdings After Transaction:
Common Stock — 447,308.951 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Verisign (VRSN) report for D. James Bidzos?
Verisign reported that D. James Bidzos completed several tax-withholding share dispositions on February 15, 2026. These Form 4 transactions used Verisign common shares to cover tax liabilities arising from vesting restricted stock units, rather than representing open-market share sales.
What does transaction code F mean in the Verisign (VRSN) Form 4?
Transaction code F indicates shares were disposed of to pay tax or exercise costs. In this Verisign filing, the F-coded transactions cover tax liabilities by delivering or withholding shares when restricted stock units vested, and are exempt under Rule 16b-3, not ordinary market trades.
Are the Verisign (VRSN) insider transactions open-market sales by the CEO?
No, the transactions are not open-market sales. The Form 4 states they are dispositions exempt under Rule 16b-3, using Verisign shares to pay tax liabilities triggered by vesting restricted stock units, rather than discretionary sales into the market.
What is the purpose of the Verisign (VRSN) Rule 16b-3 tax-withholding noted in the filing?
The Rule 16b-3 tax-withholding allows Verisign to settle tax obligations by delivering or withholding shares when equity awards vest. In this case, shares of Verisign common stock were used to satisfy the CEO’s tax liability from vesting restricted stock units.