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> Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs. getting real tired of clickbait, anyone else? can we edit the title?
by jondwillis 5y ago
> Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs.
getting real tired of clickbait, anyone else? can we edit the title?
- chmod775 5y agoEven worse because that's buried past the "fold" - below their "key points" (really that isn't a key point?), a big video, and a few paragraphs. This is no accident. Robert Frank knows what he's doing.
- ageitgey 5y agoNot disagreeing with you or your criticism of the headline. But it's also worth pointing out that 10b5-1 plans are still rife with abuse. Executives know when they are scheduled to sell their stock, so they have the ability to silently time information to hit after their sales. They also pull shenanigans with multiple, overlapping 10b5-1 plans and constantly starting/stopping individual plans to cancel bad sales, etc. It's hard to prove abuse and the current rules allow for it anyway. But over time, 10b5-1 plans constantly outperform the market so the assumption is they are frequently abused. It's been an open secret for at least a decade and the SEC is finally attempting to do something about it [1]. [1] https://www.bclplaw.com/en-GB/insights/sec-proposes-big-changes-to-rule-0b5-1-plan-requirements-issues-warning-about-insider-gifting.html https://www.bclplaw.com/en-GB/insights/sec-proposes-big-chan...