[validuser]

His trade was another pretty obvious inside trade (timed the announcement of their successful trials with the scheduled sale)

[Sebguer]

It was a sale that had been scheduled months previously, and it should by now be obvious that the trial really was successful!

[wpietri]

I don't know about this sale in specific, but isn't it a common trick for execs to schedule sales in advance and then cancel if it turns out not to be the right time to sell?

[fractionalhare]

No, the SEC also considers that illegal insider trading. They actively monitor for this "trick" and aggressively pursue an investigation if there isn't a very good reason for a scheduled trade to be cancelled.

[waheoo]

You think it's hard to schedule a well timed press release in a way that works in well with your predetermined share sales?

[kennywinker]

So he didn't know this was the date that the trail results would be announced months previously?

[Sebguer]

This chain of thought would make sense if the press release were overly optimistic or otherwise misleading... But he didn't even sell at the peak?

[ALittleLight]

Or he could've influenced the announce date to coincide with his sale.