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> Of course, a bunch of them sold shares as they saw the end near Insiders file 10b5-1 plans with their brokers well in advance to automate the sale of their s
by unmole 4y ago
> Of course, a bunch of them sold shares as they saw the end near
Insiders file 10b5-1 plans with their brokers well in advance to automate the sale of their stock. It's very unlikely that the sales had anything to do with recent events.
- 542458 4y agoThere are lots and lots of ways to use 10b5-1 plans and still trade on insider information, I.e., selective cancellation or trading on longer-term insider info.
- unmole 4y agoIn this particular instance, the CEO had ~26 million dollars worth of shares wiped out.
- cypherpunks01 4y agoIn this case, 30 days in advance. So it's much more like a transaction delayed by a few weeks, rather than one planned months/years in advance with no knowledge of how stock price will perform in the future.