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Posted On: 11/04/2020 5:54:06 PM
Post# of 148878
Re: PatientLong #64188
You don't buy that number of shares on the open market without coordinating it in advance.
So if last week he authorized someone to buy for him on this Monday and he learns of material information over the weekend or on Monday, he doesn't have to stop his buy order does he? Since he pre-cleared it, he is in the clear as you suggest, right?
Quote:
As someone else mentioned, if an insider purchases/sells in line with a trading plan complying with SEC Rules and pre-cleared by the company's insider trading compliance, none of the above applies.
So if last week he authorized someone to buy for him on this Monday and he learns of material information over the weekend or on Monday, he doesn't have to stop his buy order does he? Since he pre-cleared it, he is in the clear as you suggest, right?
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