3 ms·
The facts: In 2017, he set up pre-arranged sales of 28,000 shares And then in November he sold almost 900,000 shares. on Nov. 29, Krzanich exercised and sold
by alain94040 9y ago
The facts:
In 2017, he set up pre-arranged sales of 28,000 shares
And then in November he sold almost 900,000 shares.
on Nov. 29, Krzanich exercised and sold 644,135 options and sold an additional 245,743 shares that he already owned
- ww520 9y agoThat's pretty damning. It looks like they set up a pre-arranged schedule to sell but the amount to sell is determined at a convenient time.
- turc1656 9y agoIt's actually worse than that. He completed the prearranged sale of 28,000 shares that he had declared for 2017 in October. Then he sold an additional ~845k shares in November!
- yes_or_gnome 9y agoIt seems pretty simple when you look at the filing. Just quietly change the rules whenever you see fit. > Explanation of Responses: > 1. Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the reporting person on October 30, 2017 that are intended to comply with Rule 10b5-1(c). https://www.sec.gov/Archives/edgar/data/50863/000112760217033679/xslF345X03/form4.xml https://www.sec.gov/Archives/edgar/data/50863/00011276021703... https://en.m.wikipedia.org/wiki/SEC_Rule_10b5-1 https://en.m.wikipedia.org/wiki/SEC_Rule_10b5-1