Thomas C. Indelicarto - Feb 12, 2024 Form 4 Insider Report for VERISIGN INC/CA (VRSN)

Signature
Thomas C. Indelicarto
Stock symbol
VRSN
Transactions as of
Feb 12, 2024
Transactions value $
-$119,737
Form type
4
Date filed
2/14/2024, 04:52 PM
Previous filing
Feb 7, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRSN Common Stock Award $0 +8.94K +25.68% $0.00 43.8K Feb 12, 2024 Direct F1
transaction VRSN Common Stock Sale -$120K -613 -1.4% $195.33 43.1K Feb 13, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On February 12, 2024, Reporting Person was awarded restricted stock units (RSUs). Each RSU represents a contingent right to receive one (1) share of VeriSign, Inc. common stock once vested. The grant vests 25% on February 15, 2025 and ratably (6.25%) each of the following twelve quarters thereafter, subject to applicable taxes upon delivery.