Funky stock sales at Moderna
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This npr piece is a bit sloppy about the rules around executive stock sales but the reports of the legal counsel and chief medical officer having sold almost all their stock are not encouraging.
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Especially selling all their shares.
I could see half as a hedge. If it fails, you took half off the table, if it succeeds, your remaining half is worth many times what it was when you sold the first half. That’s a reasonable hedge especially for an exec that didn’t already have a big nest egg.
But selling all? When you’re the Chief Medical Officer?
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