[KartyFan]

Respectfully, you don't know what you're taking about here. I'm not going to elaborate bc I don't know how much I can say, but the accusations you are making are based on inaccurate assumptions.

I can say, in brief, that rule 10b5-1 applies here, and that the stock sales were determined well in advance of this whole crisis. More info on rule 10b5-1:

https://www.investopedia.com/terms/r/rule-10b5-1.asp

With all due respect, the timing is too good to be true. Sale may have been arranged in advance — but how far in advance? Do you really believe the officers couldn’t see what was coming?

What do I know? I’m just a dumb economist.

As someone who has prepared many 10b5-1 plans, I have no idea if this is clean based on the information provided. We do know that the trades were put in place under rule 10b5-1, which requires the General Counsel to attest that the officer does not have material non-public information. It is of course possible that he did and lied, and the GC was unaware. 

There are plenty of examples of these types of trades that look “too good to be true” that are legitimate. So I won’t be accusing him of securities fraud.

Additional relevant information would be the full trading plan (to see how many total shares he planned to sell), total holdings, his net worth, and sales history. Some of this can be looked up.

[KartyFan]

Respectfully, you don't know what you're taking about here. I'm not going to elaborate bc I don't know how much I can say, but the accusations you are making are based on inaccurate assumptions.

I can say, in brief, that rule 10b5-1 applies here, and that the stock sales were determined well in advance of this whole crisis. More info on rule 10b5-1:

https://www.investopedia.com/terms/r/rule-10b5-1.asp

With all due respect, the timing is too good to be true. Sale may have been arranged in advance — but how far in advance? Do you really believe the officers couldn’t see what was coming?

What do I know? I’m just a dumb economist.

As someone who has prepared many 10b5-1 plans, I have no idea if this is clean based on the information provided. We do know that the trades were put in place under rule 10b5-1, which requires the General Counsel to attest that the officer does not have material non-public information. It is of course possible that he did and lied, and the GC was unaware. 

There are plenty of examples of these types of trades that look “too good to be true” that are legitimate. So I won’t be accusing him of securities fraud.

Additional relevant information would be the full trading plan (to see how many total shares he planned to sell), total holdings, his net worth, and sales history. Some of this can be looked up.