It's pretty crazy what was allowed to happen here.
To avoid insider trading laws, the CEO had to make an agreement with the board on selling his shares MONTHS in advance.
It just so happens the same CEO and board made the announcement the day the stocks were to be sold, so they went for the spike premium as the stock went through the roof.
No harm no foul, right? It's not like it's direct evidence they planned to release the vax days after the election for political and financial reasons or anything.
It's pretty crazy what was allowed to happen here.
To avoid insider trading laws, the CEO had to make an agreement with the board on selling his shares MONTHS in advance.
It just so happens the same CEO and board made the announcement the day the stocks were to be sold, so they went for the spike premium as the stock went through the roof.
No harm no foul, right? It's not like it's direct evidence they planned to release the vax days after the election for political and financial reasons or anything.