Thomas C. Indelicarto, Executive Vice President, General Counsel, and Secretary at Verisign, has reported the sale of 500 shares of the company's common stock. This transaction, which took place on October 8, 2026, is significant as it highlights changes in executive holdings at Verisign, a key player in the technology sector.
Background
Verisign Inc. is a prominent company in the technology industry, specifically classified under services for computer programming. The company operates under the ticker symbol VRSN and is listed on the NASDAQ exchange. As of the latest filings, Verisign's fiscal year ends on December 31.
What the Filing Says
The recent SEC filing indicates that Indelicarto sold 500 shares at a price of $293.14 per share, resulting in a total transaction value of $146,570. Following this sale, Indelicarto retains ownership of approximately 31,894.53 shares of Verisign's common stock.
Impact
This sale may influence investor perceptions regarding executive confidence in the company's future performance. Such insider transactions can often lead to speculation and analysis among investors and analysts, particularly in the tech industry where executive movements are closely monitored.
What's Next
The filing does not say what happens next.
Additional Details
The SEC filing reveals that the transaction was executed under the transaction code 'S', indicating a sale of shares. Thomas C. Indelicarto's role as Executive Vice President, General Counsel, and Secretary signifies a high level of responsibility within Verisign, which may further amplify the interest surrounding his stock transactions.
Ownership Structure
After the sale of 500 shares, Indelicarto holds approximately 31,894.53 shares of Verisign's common stock, maintaining a direct ownership stake in the company. This level of ownership can be seen as a commitment to the company's long-term success, despite the recent sale.
Filing Specifics
The filing was submitted as Form 4, which is typically used to report changes in ownership of a company’s securities by insiders. It was filed on October 9, 2026, with the transaction date noted as October 8, 2026. The filing also indicates that the transaction was not subject to Section 16, which governs insider trading regulations.
Signature Information
The filing was signed by Terence E. Kaden, acting by power of attorney for Thomas C. Indelicarto, on October 9, 2026. This detail underscores the formal process involved in reporting such transactions to the SEC.
What the Filing Does Not Include
The filing does not provide information regarding the reason for the sale or any potential plans for future transactions by Indelicarto. Additionally, it does not elaborate on how this sale aligns with Verisign's overall strategic direction or performance outlook.