Form 4: VeriSign Executive Sells Shares Under 10b5-1 Plan

VeriSign's EVP, General Counsel & Secretary, Thomas C. Indelicarto, sold 498 shares of common stock for approximately $115,000 under a pre-arranged 10b5-1 plan.

Summary

• Thomas C. Indelicarto, Executive Vice President, General Counsel & Secretary of VeriSign Inc./CA (VRSN), reported transactions involving the company's common stock.
• On March 3, 2026, Indelicarto sold 332 shares of common stock at a price of $235 per share.
• On the same date, March 3, 2026, an additional 166 shares of common stock were sold at a price of $225.34 per share.
• These transactions were executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.
• Following these reported transactions, Indelicarto's direct beneficial ownership of common stock is 40,028.258 shares.
• The reported beneficial ownership includes 76.4472 dividend equivalent restricted stock units acquired on February 27, 2026, under the Company's Amended and Restated 2006 Equity Incentive Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it represents an insider sale, the execution under a pre-arranged 10b5-1 plan mitigates any negative sentiment typically associated with executive selling, indicating personal financial planning rather than a lack of confidence in the company.

Negatives

• An executive selling shares, even under a pre-arranged plan, reduces their direct stake in the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that routine insider sales under Rule 10b5-1 plans are a common practice for executives to manage personal finances, diversify portfolios, and exercise vested equity awards in a compliant manner. Such pre-scheduled transactions typically do not signal a change in the company's operational performance or strategic direction.

Stakeholder Impact

• Shareholders may note the executive's reduction in direct share ownership, but the pre-planned nature of the sale under a 10b5-1 plan suggests it is for personal financial management rather than a reflection of company performance.

Key Dates

Recommendation

The sale by an executive under a pre-arranged 10b5-1 plan is a routine event for personal financial management and diversification, not indicative of a change in the company's fundamental prospects. It does not provide new information that would warrant a change in investment recommendation.

Keywords

VeriSign, VRSN, Insider Trading, Stock Sale, Form 4, 10b5-1 Plan, Executive Compensation, Common Stock