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I was under the impression this was a "regular" scheduled sale and had been planed months before anyone knew anything about Spectre.
by dcow 8y ago
I was under the impression this was a "regular" scheduled sale and had been planed months before anyone knew anything about Spectre.
- williamscales 8y agoWhen execs sell stock it's done according to a schedule done in advance. In this case, after learning of these vulnerabilities he changed his plan to be that he would sell a huge chunk of shares in a month (but still well before the public knew). So technically complied and very hard to prove insider trading, but come on. As CEO he's required to hold a certain number of shares and he sold everything except what he was required to maintain.
- phil21 8y agoI'm not usually that guy asking for sources - but I was under the impression that was a lower level executive who did that, not the CEO. As far as I know the CEO has been cleared by the SEC? I spent 2 whole minutes googling, but all the articles for "Intel CEO insider trading" come up from January and are simple speculation. Since the Raj Rajaratnam verdict already came down[0], I'd assume by now the CEO would have been at least indicted. [0] https://www.mercurynews.com/2012/09/24/former-intel-exec-avoids-prison-in-insider-trading-scandal-after-testifying-against-friend/ https://www.mercurynews.com/2012/09/24/former-intel-exec-avo...
- eschutte2 8y agoHere are the Form 4s - the 12/1/17 sale must be the one in question. It looks like he exercised a bunch of options at that time. Regardless, it doesn't look like he benefitted from it. https://www.secform4.com/insider-trading/1538580.htm https://www.secform4.com/insider-trading/1538580.htm