VeriSign evp, Thomas Indelicarto, sells $154,690 in stock

Executive Vice President, General Counsel & Secretary of VeriSign Inc., Thomas C. Indelicarto, sold 500 shares of the company’s common stock for a total of $154,690 on November 2, 2026. The sale occurred at a price of $309.38 per share, slightly below VeriSign’s current trading price of $313.88. The stock is trading near its 52-week high of $317.41, with an impressive year-to-date increase of 30%.

However, this transaction comes amidst concerns as the stock appears overvalued relative to its Fair Value, placing VeriSign on the Most Overvalued list. Post this sale, Mr. Indelicarto currently holds 31,394.5328 shares of VeriSign common stock directly. VeriSign recently reported its Q3 2026 results, showing a revenue of $443 million, exceeding expectations.

Yet, adjusted diluted earnings per share fell short at $2.35, missing the projected $2.46 per share. This shortfall was due to increased expenses and a one-time operating loss. Despite a 5.7% revenue growth year-over-year, the earnings miss has drawn investor attention, emphasizing the company's challenges in managing costs alongside revenue growth. This story was AI-assisted and reviewed by an editor.