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Verisk Analytics CIO Daffan Nicholas Buys, Sells Shares at Different Prices
ByAinvest
Tuesday, Aug 5, 2025 5:21 pm ET1min read
Verisk Analytics, Inc. [VRSK] has recently announced that Chief Information Officer Daffan Nicholas has made a series of transactions involving the company's shares. On August 4, 2025, Mr. Nicholas purchased 2,749 shares at a price of $104 per share. He also made another purchase of 1,883 shares at a price of $107.64 per share on the same day. However, he also sold 5,420 shares at a price of $272.03 per share on August 4, 2025.
Verisk Analytics, Inc. (VRSK) has recently seen significant insider trading activity involving its Chief Information Officer, Nicholas Daffan. On August 4, 2025, Mr. Daffan executed a series of transactions that included exercising options and selling shares. The transactions were filed under Form 4, indicating a routine and pre-planned process.Transaction Details
Mr. Daffan exercised options on 2,749 shares at $104 per share and 1,883 shares at $107.64 per share, stemming from the 2013 Equity Incentive Plan. Additionally, he sold 5,420 common shares at $272.03 per share, generating approximately $1.5 million in gross proceeds.
Impact on Holdings
As a result of these transactions, Mr. Daffan's direct holdings decreased from 55,913 shares to 55,125 shares, a reduction of 788 shares, or approximately 1.4%. The remaining option balance stood at 13,897 shares.
Analysis
The transaction appears to be routine and pre-planned, which mitigates concerns over opportunistic insider trading. The small percentage reduction in holdings and the concurrent exercise of options suggest that the sale was part of a well-structured liquidity management strategy. Given Verisk's market capitalization of approximately $40 billion, the $1.5 million sale is considered immaterial.
Conclusion
The filing of Form 4 by Mr. Daffan indicates a neutral stance for investors. The transactions are viewed as standard practices in corporate governance, with no red flags emerging from the form. The presence of a dated 10b5-1 plan, established on March 5, 2025, further aligns with SEC best practices and reduces concerns over opportunistic timing.
References
[1] https://www.stocktitan.net/sec-filings/VRSK/form-4-verisk-analytics-inc-insider-trading-activity-04a2a31d1221.html
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