Verisign (NASDAQ: VRSN) counsel withholds 707 shares for RSU taxes
Rhea-AI Filing Summary
VERISIGN INC/CA (VRSN) reported that executive officer Thomas C. Indelicarto, EVP, General Counsel & Secretary, disposed of common stock in three transactions on 2026-08-15 coded F. The footnoted transactions reflect shares delivered or withheld to the company to pay tax liability upon vesting of restricted stock units under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 707.3635 shares
Net Sell
3 txns
Insider
Indelicarto Thomas C
Role
EVP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 214.0739 | $284.24 | $61K |
| Tax Withholding | Common Stock F1 | 255.4313 | $284.24 | $73K |
| Tax Withholding | Common Stock F1 | 237.8583 | $284.24 | $68K |
Holdings After Transaction:
Common Stock — 33,843.6804 shares (Direct)
Footnotes (1)
- F1. Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock units.
Key Figures
Shares disposed (transaction 1): 214.0739 shares
Shares disposed (transaction 2): 255.4313 shares
Shares disposed (transaction 3): 237.8583 shares
+3 more
6 metrics
Shares disposed (transaction 1)
214.0739 shares
Code F disposition of Verisign common stock on 2026-08-15 at $284.2400 per share
Shares disposed (transaction 2)
255.4313 shares
Code F disposition of Verisign common stock on 2026-08-15 at $284.2400 per share
Shares disposed (transaction 3)
237.8583 shares
Code F disposition of Verisign common stock on 2026-08-15 at $284.2400 per share
Aggregate code F shares
707.3635 shares
Total shares delivered or withheld for payment of exercise price or tax liability
Transaction price per share
$284.2400 per share
Price applied to each Verisign common stock code F disposition on 2026-08-15
Exercise price or tax liability transactions
3 transactions
All three reported non-derivative transactions are coded F for tax or exercise-price payment
Key Terms
Rule 16b-3, restricted stock units, tax liability, code F
4 terms
Rule 16b-3 regulatory
"Disposition of shares exempt under Rule 16b-3 as payment of tax liability"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"incident to vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"payment of tax liability to Company by delivery or withholding securities"
code F financial
"transactions coded F described as Payment of tax liability"
FAQ
What did Verisign (VRSN) executive Thomas C. Indelicarto report in this Form 4?
Thomas C. Indelicarto reported three code F dispositions of Verisign common stock on 2026-08-15. According to the footnote, the shares were delivered or withheld by the company to satisfy tax liability related to the vesting of restricted stock units under Rule 16b-3.
Were Thomas Indelicarto’s Verisign (VRSN) transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for these transactions. The footnote explains the dispositions were exempt under Rule 16b-3 and occurred as payment of tax liability incident to vesting of restricted stock units, rather than under a trading plan.
What is the nature of the Form 4 code F transactions for Verisign (VRSN)?
Each transaction is coded F, described as payment of tax liability by delivering or withholding securities. The footnote clarifies the company used Verisign shares to satisfy tax obligations arising when the reporting person’s restricted stock units vested, under Rule 16b-3 exemption.
Does the Form 4 state Thomas Indelicarto’s remaining Verisign (VRSN) holdings after these transactions?
The non-derivative transaction rows for these code F dispositions do not report a total shares following transaction figure. The filing focuses on tax-withholding dispositions tied to restricted stock unit vesting and provides no separate holdings entry in the summarized data here.
AI-generated analysis. How Rhea-AI works. Not financial advice.