Thomas C. Indelicarto has filed a Form 144 with the SEC to sell 500 shares of Verisign, Inc. on November 2, 2026. This transaction is part of a series of insider sales that have taken place over the past few months, indicating a pattern of trading activity by company executives.
Background
Indelicarto is associated with Verisign, Inc., a company primarily engaged in computer programming services. The company is publicly traded on NASDAQ under the ticker symbol VRSN. Recent filings show that Indelicarto has been active in selling shares, reflecting ongoing market engagement.
What the Filing Says
The filing states, "Thomas C. Indelicarto is selling 500 shares of Verisign, Inc., which were acquired as performance shares on February 15, 2024." The total market value of the shares being sold is approximately $154,690.
Impact
This filing may affect investor sentiment towards Verisign, as insider sales can be interpreted in various ways. Investors often scrutinize such transactions to gauge the confidence of company executives in the firm's future performance.
What's Next
The filing does not say what happens next.
Recent Transactions
In addition to the upcoming sale of 500 shares on November 2, 2026, Thomas C. Indelicarto has executed several transactions in recent months. Notably, he sold 500 shares on October 8, 2026, for gross proceeds of approximately $146,570, and another 500 shares on October 1, 2026, generating $142,190. Earlier in September, he sold 500 shares on both September 8 and September 1, with gross proceeds of $144,580 and $145,390, respectively. Furthermore, he had sales in August, including 500 shares on August 10 for $146,175 and on August 3 for $146,100.
Ownership and Market Context
Following the planned sale of 500 shares, Indelicarto will still hold a significant number of shares in Verisign, Inc., as the company has approximately 89.7 million shares outstanding. This indicates that while he is liquidating some of his holdings, he remains a substantial shareholder in the company.
Brokerage Information
The transaction will be facilitated by Morgan Stanley Smith Barney LLC Executive Financial Services, a well-known brokerage firm, which suggests that Indelicarto is utilizing a reputable institution for his trading activities.
Conclusion
The filing provides a detailed account of Indelicarto's recent sales and the context of his holdings in Verisign, Inc. However, it does not elaborate on the reasons behind these transactions or any potential plans for future sales beyond the specified date.
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