Verisign (VRSN) legal chief sells 498 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VERISIGN INC/CA executive Thomas C. Indelicarto sold 498 shares of Common Stock in an open-market transaction. The sale occurred at a price of $274.00 per share. After this transaction, he continues to hold 38,700.258 shares of Verisign common stock directly, indicating a relatively small reduction in his position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 498 shares ($136,452)
Net Sell
1 txn
Insider
Indelicarto Thomas C
Role
EVP, Gen Counsel & Secretary
Sold
498 shs ($136K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 498 | $274.00 | $136K |
Holdings After Transaction:
Common Stock — 38,700.258 shares (Direct)
Footnotes (1)
Key Figures
Shares sold: 498 shares
Sale price per share: $274.00 per share
Post-transaction holdings: 38,700.258 shares
+1 more
4 metrics
Shares sold
498 shares
Open-market sale of Verisign Common Stock
Sale price per share
$274.00 per share
Price for the 498-share open-market sale
Post-transaction holdings
38,700.258 shares
Direct Verisign Common Stock held after the sale
Transactions reported
1 sale
Single non-derivative open-market sale on record
Key Terms
Common Stock, open-market sale, Sale in open market or private transaction, total_shares_following_transaction
4 terms
Common Stock financial
"security_title: "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.
open-market sale financial
"transaction_action: "open-market sale""
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.
Sale in open market or private transaction financial
"transaction_code_description: "Sale in open market or private transaction""
FAQ
What did Verisign (VRSN) executive Thomas Indelicarto report in this Form 4?
He reported an open-market sale of Verisign Common Stock. The filing shows he sold 498 shares and continues to hold 38,700.258 shares directly after the transaction, updating investors on his current ownership position.
What are Thomas Indelicarto’s Verisign (VRSN) holdings after this transaction?
Following the reported sale, he directly holds 38,700.258 shares of Verisign Common Stock. This figure, disclosed in the Form 4, shows his updated ownership stake after the 498-share open-market sale at $274.00 per share.
What role does Thomas Indelicarto hold at Verisign (VRSN)?
He serves as Executive Vice President, General Counsel and Secretary at Verisign. The Form 4 identifies his officer status and title while detailing his personal holdings and the recent open-market sale of 498 common shares.
Was the Verisign (VRSN) insider transaction a purchase or a sale?
It was a sale transaction. The Form 4 classifies it as an open-market sale of 498 shares of Verisign Common Stock at $274.00 per share, reducing but not eliminating Thomas Indelicarto’s remaining direct share position.