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So I keep seeing things like "insiders sold X amount at Y date, they must have known Z" but I thought that as an insider you can only sell a certain amount at c
by herpderperator 4y ago
So I keep seeing things like "insiders sold X amount at Y date, they must have known Z" but I thought that as an insider you can only sell a certain amount at certain times that are pre-defined before the true value of the sale could be known and before any future material events actually occurred. Could someone explain how this works?
- richardfeynman 4y agoDid you read the article? From the article: "One thing to keep in mind is both Ms. Izurieta’s and Mr. Becker’s 10B5-1 plans were adopted just a month prior to the sales occurring, and these transactions appear to be one-time in nature. They’re arguably open market sales masquerading as 10B5-1 transactions."
- yodon 4y ago> Did you read the article? From the article: ... From the HN Guidelines[0]: Please don't comment on whether someone read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that." [0]https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- richardfeynman 4y agoThanks for this, this is a fair critique!
- herpderperator 4y agoMy question was about how this works generally for insiders, not specifically to this article.
- astrange 4y agoYou're required to preregister stock sales, but you can cancel those preregistered plans anytime, so it's possible to get around it by filing and canceling often.