Verisign(US:VRSN) Hua Er Jie Jian Wen·2025-07-29 04:30Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has sold approximately one-third of its stake in technology stock VeriSign for about $1.23 billion, reducing its ownership from 14.2% to 9.6% to avoid stricter SEC reporting obligations [1][4]. Group 1: Transaction Details - The sale involved 4.3 million shares at a price of $285 per share, which is a 6.9% discount from the previous closing price of $305.98 [1]. - Following the sale, VeriSign's stock price dropped nearly 7% in after-hours trading, reversing a strong performance that saw the stock rise nearly 48% year-to-date [1]. Group 2: Investment Background - Berkshire Hathaway's investment in VeriSign began in 2012 when the stock price was only $49.50, indicating a return of over five times on the sold shares [4]. - Despite being a net seller of the stock for ten consecutive quarters up to March 2023, Berkshire had increased its holdings in VeriSign as recently as January of this year [4]. Group 3: Lock-Up Period - The remaining shares held by Berkshire will be subject to a one-year lock-up period, preventing any further large-scale sales in the short term [3].