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When 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
by williamscales 8y ago
When 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