Verisign (NASDAQ: VRSN) CEO uses stock at $284.24 to pay taxes
Rhea-AI Filing Summary
VERISIGN INC/CA (VRSN) reported that Exec. Chairman, President & CEO D. James Bidzos had three Form 4 transactions on common stock dated 2026-08-15. A total of 1,650.3675 shares were disposed of at $284.24 per share as payment of tax liability by delivering or withholding shares upon vesting of restricted stock units, in transactions the company identifies as exempt under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,650.3675 shares
Net Sell
3 txns
Insider
BIDZOS D JAMES
Role
Exec. Chairman, Pres, & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 468.7073 | $284.24 | $133K |
| Tax Withholding | Common Stock F1 | 597.594 | $284.24 | $170K |
| Tax Withholding | Common Stock F1 | 584.0662 | $284.24 | $166K |
Holdings After Transaction:
Common Stock — 404,688.6626 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): 468.7073 shares
Shares disposed (transaction 2): 597.5940 shares
Shares disposed (transaction 3): 584.0662 shares
+2 more
5 metrics
Shares disposed (transaction 1)
468.7073 shares
Code F tax-withholding disposition of Verisign common stock on 2026-08-15
Shares disposed (transaction 2)
597.5940 shares
Code F tax-withholding disposition of Verisign common stock on 2026-08-15
Shares disposed (transaction 3)
584.0662 shares
Code F tax-withholding disposition of Verisign common stock on 2026-08-15
Total shares for tax liability
1650.3675 shares
Aggregate shares delivered or withheld across three code F transactions
Price per share
$284.24
Per-share value used for all three tax-withholding dispositions
Key Terms
Rule 16b-3, restricted stock units, withholding securities
3 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.
withholding securities financial
"payment of tax liability to Company by delivery or withholding securities"
FAQ
What insider transaction did VRSN report for D. James Bidzos on this Form 4?
VERISIGN INC/CA reported that D. James Bidzos disposed of 1,650.3675 common shares of VRSN on 2026-08-15. The transactions were coded “F” and reflect shares delivered or withheld to cover tax liabilities related to restricted stock unit vesting.
How does Rule 16b-3 apply to the VRSN Form 4 transactions for D. James Bidzos?
Footnote F1 states the dispositions are exempt under Rule 16b-3. This rule provides exemptions for certain insider transactions with the issuer, including using shares to satisfy tax obligations from equity awards like restricted stock units, rather than indicating discretionary open-market trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.