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As CEO you may want need to become familiar with the rules that govern insider information. Typically if you are a director you cannot trade the stocks you own
by gotmedium 5y ago
As CEO you may want need to become familiar with the rules that govern insider information. Typically if you are a director you cannot trade the stocks you own based on material non-public information.
Also, you may want to read Matt Levine's newsletter. It has plenty of very weird examples that sound just like this.
https://www.sec.gov/reportspubs/investor-publications/investorpubsinsidertradingguidehtm.html https://www.sec.gov/reportspubs/investor-publications/invest...
- autokad 5y ago> Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs
- jedberg 5y agoNone of these sales were on inside information, they were all part of a sales plan that was filed when the stock skyrocketed. Also, thank you for mansplaining insider trading to me as if I didn't know what it was.
- vosper 5y agoAs the article itself says, this almost certainly wasn't insider trading > Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs. It’s unclear how many of the sales were also linked to options exercises or options-related tax sales.