VRSN Form 4: D. James Bidzos reports 2,000-share sale under 10b5-1 plan
Rhea-AI Filing Summary
D. James Bidzos, Verisign Inc. (VRSN) executive chairman, president and CEO, reported insider sales on 09/18/2025. He sold a total of 2,000 shares across four transactions at weighted-average prices in the ranges $285.94–$286.35, $287.05–$287.77 and $288.08–$288.95, and one trade at $289.32. Following these disposals his reported beneficial ownership stood at 476,438.7009 shares. The Form 4 indicates the transactions were covered by a written plan intended to satisfy Rule 10b5-1 affirmative defense.
Positive
- Transactions executed under a 10b5-1 written plan, which provides an affirmative defense and clarity on trading intent
- Reporting person retains substantial beneficial ownership at 476,438.7009 shares after the reported sales
Negative
- Executive-level insider sold 2,000 shares, which may be interpreted negatively by some investors despite plan coverage
Insights
TL;DR: CEO sold 2,000 Verisign shares under a 10b5-1 plan; holding remains substantial at ~476,439 shares.
The filing shows routine insider sales executed on 09/18/2025 and documented under a Rule 10b5-1 plan, which is commonly used to avoid allegations of trading on material nonpublic information. The remaining beneficial ownership of 476,438.7009 shares indicates continued significant alignment with shareholders despite the small sale size relative to total holdings. No derivative transactions or additional disclosures were reported.
TL;DR: Modest outright disposals by the CEO; transactions are documented with weighted-average pricing and did not eliminate significant ownership.
Form 4 lists four dispositions totaling 2,000 shares with weighted-average prices disclosed and explanatory footnotes for price ranges. The stepwise decrease in post-transaction beneficial ownership is shown in the form. The presence of the 10b5-1 checkbox reduces ambiguity about timing intent. There are no reported option exercises, grants or other derivative activity in this filing.