VeriSign Exec Thomas C Sells 498 Shares as Insider Selling Trend Continues to Shake Investor Sentiment

Insider Selling Hot‑Spot at VeriSign

The latest director‑dealing filing from EVP, General Counsel & Secretary Indelicarto Thomas C shows a dual sale of 498 shares on February 3, 2026—332 shares at $248.62 and 166 shares at $250.00, leaving Thomas C with roughly 30,115 shares outstanding. The transaction occurred when the stock was trading near its 52‑week low, a slight decline from the $243.57 close on February 2. While the sale is modest relative to the company’s $23.4 billion market cap, it is part of a broader pattern of consistent selling by Thomas C over the last nine months.

What the Pattern Signals for Investors

Thomas C’s history shows frequent, relatively small sell‑offs—most recently in early January and again in early December. The cumulative effect has been a gradual erosion of his holdings from just over 39,000 shares in December 2025 to about 30,000 in February 2026, a reduction of roughly 25 %. This trend coincides with a broader uptick in insider selling across the board: CEO Bidzos, EVP McPherson, and several other directors have executed multiple sales in the same period, often at prices near or slightly above market levels. The volume of these transactions, while not unprecedented, suggests that key stakeholders are rebalancing portfolios or monetizing gains as the stock approaches a new technical support level.

For equity holders, the implication is twofold. First, the steady divestitures could be interpreted as a lack of confidence in a near‑term upside, especially given the recent 4.94 % weekly decline and a price that has been hovering close to the 52‑week high. Second, the sales are executed at market rates that are not materially discounted, implying that insiders are not attempting to pressure the price down but simply taking profits. Thus, investors may view the current activity as a neutral or mildly bearish signal—insiders are trimming positions, but not in a way that would materially affect supply.

Profile of Indelicarto Thomas C

Thomas C has been a long‑term senior executive at VeriSign, responsible for legal, compliance, and corporate governance. His insider activity is characterized by regular, modest sell‑offs, usually in the range of 166 to 501 shares per transaction, with occasional larger blocks of 1,000 shares. Over the past year, his holdings have steadily decreased from 39,300 to 30,100 shares—a roughly 23 % reduction. The timing of these sales—often at the start of the month or early in a quarter—suggests a disciplined, perhaps tax‑planning or portfolio‑rebalancing motive rather than a reaction to company fundamentals. Importantly, Thomas C’s transactions have not been accompanied by any public statements or negative news, reinforcing the view that his sales are routine rather than distress‑indicating.

Impact on VeriSign’s Outlook

VeriSign’s core business remains robust: as a root zone maintainer and domain registry, it enjoys steady revenue streams and a critical role in internet infrastructure. The company’s valuation (P/E 28.35) sits comfortably within the industry average, and its market cap positions it among the larger tech infrastructure providers. The recent investor activity—Goldman Sachs funds adding positions—contrasts with insider selling, hinting at divergent views between institutional owners and senior management. If the selling trend continues without any accompanying negative catalysts, the stock may face a consolidation phase as the market digests the new supply. Conversely, if VeriSign delivers a strong earnings report or announces a strategic partnership, the insider sales could be reinterpreted as a short‑term adjustment rather than a signal of weakness.

Bottom Line for Investors

For investors monitoring VeriSign, the current insider activity represents a modest dilution risk but not a red flag. Thomas C’s systematic selling pattern indicates prudent portfolio management rather than panic. However, the cumulative effect of multiple insiders selling could create a short‑term supply shock if the stock price stalls near its support levels. Remaining attentive to the next earnings cycle and any shifts in institutional ownership will be key to determining whether the current selling will presage a broader market reaction or simply be part of routine portfolio rotation.