[Lightbody]

I'm super frustrated with Facebook, but this is conspiracy theory territory. Place the anger in the right direction.

Those trades were part of his 10b5-1, a scheduled trading plan set in place at a minimum 3 months ahead of time and typically extends out 12+ months. Trades in the plan are protected from insider trading accusations and considered an "affirmative defense" [1].

While you can trade shares outside your 10b5-1 plan, those trades aren't protected from insider trading accusations.

[1] https://corpgov.law.harvard.edu/2016/03/24/a-guide-to-rule-1...

[eganist]

Considering the time scales we're playing with here, 3 months is more than enough time to delay reporting and let 10b5-1 sales trigger to salvage as much value as possible.

Shoot, Stamos had apparently been nagging them for a while leading up to the December reorg, and we're only just hearing about it.

[liberte82]

Can they cancel planned sells though? If so, it seems this would be a great way to get around insider trading laws. Just always have a bunch of sells scheduled, and cancel them if you don't need them.

[shanghaiaway]

Both links contain facts not stories.

You came up with the idea that there would be a conspiracy. You are the conspiracy theorist.

[threeseed]

It's a conspiracy theory to state or insuniate that Zuckerberg is committing a crime in order to save some money.

Especially given that the facts are that (a) selling stock involves a lot of people, (b) Zuckerberg has gone on record saying he will be selling stock, (c) he has plans for politics/philanthropy which will depend on an intact reputation and (d) he will be so rich i.e. multi-billionaire regardless that it seems strange to risk jail time for a few hundred million.

If you make claims. Then you need to back them up.

[shanghaiaway]

I didn't make claims nor did anyone else. There's only facts that he's been selling stock.