Insider Trading is illegal. That’s what he’s being accused of here. He cannot trade on information that is material to the stock price before it is made public.

Insider Trading is illegal. That’s what he’s being accused of here. He cannot trade on information that is material to the stock price before it is made public. A vulnerability of this magnitude is unquestionable material non-public information. If these trades were the result of his learning about the breach, this is a pretty easy case for the SEC. I really doubt that he executed these trades, as that would be the dumbest thing an executive has done in a while.