VRSN · Insider sells $1.27M post-Q3

Three Verisign insiders, including the CEO and CSO, sold a combined $1.27M in open-market sales over the past week. The sales occurred 12 days after Q3 earnings that missed consensus EPS and showed a decline in operating cash flow. While the CEO's and GC's sales were under 10b5-1 plans, the CSO's $989K sale was not, and the total is modest relative to the $27.6B market cap.

• Three insiders sold shares in open-market transactions totaling $1.27M.
• CEO D. James Bidzos sold 400 shares ($121K) under a 10b5-1 plan.
• EVP & General Counsel Thomas Indelicarto sold 500 shares ($155K) under a 10b5-1 plan.
• EVP & CSO Danny McPherson sold 3,300 shares ($989K) without a 10b5-1 plan.