Form 4: Verisign Director Timothy Tomlinson Sells Shares
SEC Form 4 Filing
Director Timothy Tomlinson sold 1,408 shares of Verisign Inc. on July 29, 2024, at a weighted average price of $186.4489 per share.
Summary
- On July 29, 2024, Timothy Tomlinson, a director of Verisign Inc., sold 1,408 shares of common stock.
- The sale was executed at a weighted average price of $186.4489 per share, with individual prices ranging from $186.28 to $186.62.
- Following the transaction, Tomlinson directly owns no shares and indirectly owns 15,000 shares through the Tomlinson Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. A director selling shares doesn't necessarily indicate a negative outlook, as it could be for personal financial reasons.
Industry Context
This is a routine disclosure of insider trading activity. It is common for directors and officers of publicly traded companies to buy and sell shares of their company's stock. These transactions are closely monitored by regulators to prevent illegal insider trading.
Stakeholder Impact
- The sale of shares by a director could potentially cause a slight decrease in investor confidence, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of the transaction (sale of shares). |
| 07/30/2024 | Date of signature by Power of Attorney. |
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