Yes. From the looks of it, the CEO is just selling a previously-negotiated award on the date of acquisition. He has been awarded, then immediately sells roughly 70,000 shares a day over two days, along with exercising some options.
Table II shows that he still (indirectly) owns around 24 million shares of Class B stock and 130k options.
The filing notes that these trades are following a 10b5-1 plan, which is basically exactly that: you set up trades in advance so that you can make them without falling afoul of the insider trading rules.
Table II shows that he still (indirectly) owns around 24 million shares of Class B stock and 130k options.
This is a nothingburger.