| ▲ | edot 4 hours ago | ||||||||||||||||
Nothing out of the ordinary. Guy sold 4m shares over a few months (all of which have to be pre-announced 90 days in advance). Still has over 25m shares. | |||||||||||||||||
| ▲ | ScoobleDoodle 3 hours ago | parent | next [-] | ||||||||||||||||
They can influence timing of information release; Whether delaying or expediting. Just pointing out that even with the notice there is still room for shenanigans. | |||||||||||||||||
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| ▲ | red_trumpet an hour ago | parent | prev | next [-] | ||||||||||||||||
The article says there were no trading plans used, so it's not clear to me whether selling was announced 90 days in advance. Where would I find the announcement? | |||||||||||||||||
| ▲ | SpicyLemonZest 41 minutes ago | parent | prev [-] | ||||||||||||||||
It's generally considered unwise for executives to sell any shares at all except according to a preannounced 10b5-1 plan, but it's not required and he doesn't seem to have done so here. (You're right, of course, that there a lot of legitimate reasons he might have wanted to diversify 20% of his shares without waiting 90 days.) | |||||||||||||||||