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Verisign exec. chairman Bidzos sells $2.36m in shares

Published 23/10/2025, 22:16
Verisign exec. chairman Bidzos sells $2.36m in shares
VRSN
-1.40%
BRKb
0.40%
IRDM
-0.27%

D. James Bidzos, Executive Chairman, President, and CEO of Verisign (NASDAQ:VRSN), sold 8,071 shares of common stock between October 21 and October 23, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $23.4 billion, has demonstrated strong financial performance with impressive gross profit margins of 87.9% and a solid year-to-date return of 28.7%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.

The sales, all executed under General Transaction Code "S", totaled $2,359,654. The prices received for these shares ranged from $247.035 to $268.3594. InvestingPro analysis reveals that while management has been actively buying back shares, there are 7 additional key investment tips available for subscribers. Get access to the complete Verisign Pro Research Report, part of our comprehensive coverage of 1,400+ US stocks, for deeper insights into the company’s valuation and prospects.

In other recent news, VeriSign, Inc. announced the appointment of Matthew J. Desch to its board of directors, increasing the board size from seven to eight members. Desch is currently the CEO of Iridium Communications Inc. Meanwhile, Berkshire Hathaway has decided to reduce its stake in VeriSign through a $1.23 billion stock offering, selling 4.3 million shares at $285 per share. The transaction is structured so that all proceeds will go to the selling stockholders, with VeriSign not receiving any proceeds from the offering.

The sale is intended to lower Berkshire Hathaway’s ownership below the 10% threshold to avoid additional regulatory obligations. J.P. Morgan Securities LLC is managing the offering, which is expected to close soon. Berkshire Hathaway has been a stockholder in VeriSign since 2012. These developments mark significant shifts in VeriSign’s board composition and ownership structure.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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