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> The director or executive officer may amend or terminate the plan in specified circumstances. Under this system, would it be possible to contract with two br
by bendykstra 11y ago
> The director or executive officer may amend or terminate the plan in specified circumstances.
Under this system, would it be possible to contract with two brokers, telling one to sell shares and the other to buy the same amount? If so, should you learn useful information later, you could terminate one plan, putting the information to use immediately.
- cbhl 11y agoFrequently modifying or cancelling 10b5-1 plans is itself usually forbidden under insider-trading policies, precisely for this reason.
- csmajorfive 11y agoYou can't terminate or amend (or even start) a plan without a cooling off period. So any information you'd like to act on will likely be priced in by the time you can take any legal action. Also, you can't have two plans. A modification requires a suspension of all trading.
- encoderer 11y agoAwful tax consequences