FBCommissioner · Social Security Administration
Bisignano disclosed 118 transactions between May 16, 2025, and June 16, 2026, consisting of 80 purchases (estimated $535.9 million) and 38 sales (estimated $434.4 million), for a cumulative estimated total of $970.4 million across all tracked filings. The largest single transaction was a trade in Franklin NJ Tax Free Income A (FNJQX), with an estimated value between $25,000,001 and $50,000,000. The most-traded asset was Fiserv, appearing in 20 transactions, followed by several Vanguard exchange-traded funds. One of the 118 transactions, or 1 percent, was filed late.
Last filing: Aug. 8, 2026|Transactions: May 16, 2025 – June 16, 2026
This total aggregates every source filing listed below. Public trackers focused on a single disclosure may report smaller counts for the same official.
Trade-value totals (e.g. on the dashboard) sum the midpoints of OGE disclosure ranges, not exact amounts. Federal law requires only ranges. Treat all dollar estimates as range midpoints.
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Click any month to zoom in. Sales above midline, purchases below. Amber tick = month with late-filed trades.
| Date | Description | Type | Amount | Source |
|---|---|---|---|---|
| June 18, 2025 | Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) | Purchase | $1M+ | |
| June 18, 2025 | Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) | Purchase | $1M+ |
Reviewed financial disclosure documents the Office of Government Ethics has published or recorded for Frank J. Bisignano. Open Cabinet summarizes listed documents observationally and links to the source PDF where one is publicly available. We do not issue compliance verdicts — that is OGE’s role, not ours.
Published reporting on Frank J Bisignano's financial disclosures from major outlets.
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Congressional Democrats referred Bisignano for SEC investigation, questioning whether he knew about Fiserv's impending stock decline before divesting.
Senate investigation into Bisignano's $530M divestiture timing and a Fiserv federal contract awarded under murky circumstances.
Bisignano divested $530M in Fiserv stock upon taking office. Had he held, the shares would have lost $300M in value when Fiserv stock dropped 40%.
Original PDFs from the U.S. Office of Government Ethics. These are the documents Open Cabinet parses.
Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Report. Asset values and transaction amounts are reported in ranges as required by federal law. View original filings
| June 18, 2025 | Vanguard Tax-Exempt Bond Index Fund ETF Shares (VTEB) | Purchase | $50K-$100K |
| June 17, 2025 | Fiserv | Sale | $5M-$25M |
| June 16, 2025 | Fiserv | Sale | $5M-$25M |
| June 10, 2025 | Fiserv | Sale | $250K-$500K |
| June 9, 2025 | Fiserv | Sale | $25M-$50M |
| June 6, 2025 | Fiserv | Sale | $25M-$50M |
| June 6, 2025 | Fiserv Option contract sale | Sale | $500K-$1M |
| June 5, 2025 | Fiserv | Sale | $5M-$25M |
| June 4, 2025 | Fiserv | Sale | $25M-$50M |
| May 30, 2025 | Fiserv | Sale | $25M-$50M |
| May 29, 2025 | Fiserv | Sale | $5M-$25M |
| May 27, 2025 | Fiserv | Sale | $1M-$5M |
| May 20, 2025 | Fiserv | Sale | $5M-$25M |
| May 19, 2025 | Fiserv | Sale | $25M-$50M |
| May 19, 2025 | Fiserv Option contract sale | Sale | $1M-$5M |
| May 16, 2025 | FiservLate | Sale | $5M-$25M |
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for the itemized transaction list.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for itemized transactions including any Fiserv stock disposals.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for itemized transactions including any Fiserv stock disposals.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for itemized transactions including any Fiserv stock disposals.
OGE-form certification. Marks Yes/No/N/A on standard sections (resignations, divestitures, periodic transaction reports filed, recusals, ethics briefing).
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for itemized transactions including any Fiserv stock disposals.
Periodic transaction report (Form 278-T) disclosing individual securities transactions over $1,000 during the reporting window. See PDF for itemized transactions including any Fiserv stock disposals.
OGE-issued Certificate of Divestiture providing tax-deferral treatment for a specific qualifying divestiture. Document content not publicly downloadable; available via Form 201 request.
Public financial disclosure filed before Senate confirmation as Social Security Administration Commissioner. Lists Fiserv Inc holdings (stock, vested stock options, Performance Equity Grants for 2023 and 2024 vesting in 2026 and 2027), three Remainder Trusts, and outside positions including 9/11 Memorial, Mt. Sinai Health System, and Cathedral of St. Patrick.
Letter signed Feb 24, 2025. Commits to: resign all Fiserv positions and divest stock + vested options within 120 days (Section 2); divest Fiserv held in Remainder Trusts 1, 2, and 3, then resign as trustee (Section 3); resign from National September 11 Memorial & Museum, Perelman Performing Arts Center, The Battery Conservancy, Mt. Sinai Health System, Metro Atlanta Chamber, American Society of the Italian Legion of Merit, Institute for Veterans and Military Families – Syracuse University, Partnership for New York City (Section 4); retain unpaid Cathedral of St. Patrick board roles (Section 5).
Source: U.S. Office of Government Ethics public disclosure portal. Document summaries are observational and do not constitute compliance determinations. Compliance with ethics agreements is certified by OGE in their own Compliance Certification document, which is listed above when on file.
Bisignano received a certificate of divestiture allowing him to defer capital gains tax indefinitely on his massive Fiserv stock sale.
Analysis of how the certificate of divestiture lets Bisignano indefinitely defer capital gains taxes on his $530M Fiserv stock sale.