CEO of Moderna Dumped $400 Million in Stock and Deleted His Twitter Account

ATS Above Top Secret ^ | Feb, 11 2022

[Prole]

Stéphane Bancel Read John 8:44 for more info on this guy.

[Polynikes]

The stock dump is a false alarm.

Bancel’s sales are per a 10b5-1 trading plan, and these plans are submitted to the SEC many months in advance. Every week his plan sells 13,000 directly held shares, then 10,000 indirectly held shares the next day.

The Twitter self cancel is a bit odd though.

[Gaffer]

Seeking to cash out, construct their self-sovereign island fortresses and ride out the furor that will be forthcoming over their wondrous potions, no doubt.

[mewzilla]

Meanwhile, for anyone who $52 to spend, this is just published, might make interesting reading...

COVID Vaccination in Athletes and Updated Interim Guidance on the Preparticipation Physical Examination During the SARS-Cov-2 Pandemic

[Ruy Dias de Bivar]

That is the way many companies work. The CEO gets a stipend to do his job, and is voted thousands of shares of stock.
When he gets the price of the stock high enough, he dumps his and retires wealthy.

[SunkenCiv]

Does the term "lawyering up" ring a bell?

[minnesota_bound]

Good news is the pharma companies are now losing billions. Moderna lost 72% of it’s stock value since August 2021. That is $140 billion!
$40 billion in just 2 days! The execs are selling millions of dollars of shares.