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Doesn't the board have to approve all such sales months ahead? Just seems strange that people are acting as if he sold all he had and ran for the hills when the

Doesn't the board have to approve all such sales months ahead? Just seems strange that people are acting as if he sold all he had and ran for the hills when the bad news were released.

QAPereo 9y ago
IIRC from https://news.ycombinator.com/item?id=16067322 https://news.ycombinator.com/item?id=16067322 this was a scheduled sale, so it was already approved.
- jjeaff 9y ago
  Important quite from the above linked article: "Intel says the sale was preplanned - but that plan was put in place months after it learned of the chip vulnerability"
  - T2_t2 9y ago
    But it is (somewhat) consistent with his previous sales: http://www.nasdaq.com/quotes/insiders/krzanich-brian-m-872413 http://www.nasdaq.com/quotes/insiders/krzanich-brian-m-87241... I dunno how to read this, but it seems he sold off a chunk of his shares regularly, and that he traded almost a million down to 250K, but how did he have so many? Can someone who knows how to read that explain it to me?
    - rando444 9y ago
      Consistent? Look at the link you posted. He goes from trading a few thousand shares here and there to trading almost a million in one go.
      - jjeaff 9y ago
        Not only that, but he sold the absolute maximum allowed for a C level employee.
    - houseofzeus 9y ago
      The reason the column on the right (Shares Held) doesn't line up with how many he sold is that he executed his options to purchase a bunch of shares and then immediately sold them, which made up the bulk of the ones he sold in this transaction.
CardenB 9y ago
The issue is that the sale was scheduled after intel was aware of the issue.
- ringaroundthetx 9y ago
  My problem with this idea is that it assumes this is the ONLY issue that a multinational corporation would be aware of. There would be so many counterweighting forces at play at any time that it would be EASY to rationalize why this one shouldn't affect the share sale's view in the court of public opinion. Given that none of the other sales did either. Case in point, we are analyzing this timely disclosure a full quarter later. I count at least five 8-k's since then, let alone form 4's

Doesn't the board have to approve all such sales months ahead? Just seems strange that people are acting as if he sold all he had and ran for the hills when the bad news were released.

QAPereo 9y ago

IIRC from https://news.ycombinator.com/item?id=16067322 https://news.ycombinator.com/item?id=16067322 this was a scheduled sale, so it was already approved.

jjeaff 9y ago
Important quite from the above linked article: "Intel says the sale was preplanned - but that plan was put in place months after it learned of the chip vulnerability"
- T2_t2 9y ago
  But it is (somewhat) consistent with his previous sales: http://www.nasdaq.com/quotes/insiders/krzanich-brian-m-872413 http://www.nasdaq.com/quotes/insiders/krzanich-brian-m-87241... I dunno how to read this, but it seems he sold off a chunk of his shares regularly, and that he traded almost a million down to 250K, but how did he have so many? Can someone who knows how to read that explain it to me?
  - rando444 9y ago
    Consistent? Look at the link you posted. He goes from trading a few thousand shares here and there to trading almost a million in one go.
    - jjeaff 9y ago
      Not only that, but he sold the absolute maximum allowed for a C level employee.
  - houseofzeus 9y ago
    The reason the column on the right (Shares Held) doesn't line up with how many he sold is that he executed his options to purchase a bunch of shares and then immediately sold them, which made up the bulk of the ones he sold in this transaction.

CardenB 9y ago

The issue is that the sale was scheduled after intel was aware of the issue.

ringaroundthetx 9y ago
My problem with this idea is that it assumes this is the ONLY issue that a multinational corporation would be aware of. There would be so many counterweighting forces at play at any time that it would be EASY to rationalize why this one shouldn't affect the share sale's view in the court of public opinion. Given that none of the other sales did either. Case in point, we are analyzing this timely disclosure a full quarter later. I count at least five 8-k's since then, let alone form 4's