Insider (vedoucí pracovník společnosti nebo politik) nemůže prodat své akcie bez předchozího oznámení SEC. Pozadovana lhuta je 90 dni.
....................................................................
Insiders (such as executives, directors, or large shareholders) of publicly traded companies in the U.S. must follow specific rules when selling their company's stock to avoid insider trading violations. The most common method used to pre-clear sales is through a Rule 10b5-1 trading plan.
If using a Rule 10b5-1 Plan (as of 2023 SEC amendments):
The mandatory "cooling-off period" before the first trade can occur is:
90 days for directors and officers (Section 16 insiders),
30 days for others (non-officer insiders),
and all plans must have a minimum cooling-off period of at least 30 days.
Additional Rules:
Form 144 must be filed if the insider intends to sell more than 5,000 shares or
$50,000 worth of securities in any three-month period. This notice must be filed
no later than the date of the sale.
Form 4 must be filed with the SEC within two business days of the actual transaction.
Summary:
Intent to sell under a 10b5-1 plan must be declared and followed by a mandatory 30–90 day delay (cooling-off period) before any sale.
Form 144 may signal an intent to sell, but it can be filed just before or concurrent with the sale.
The earliest pre-announcement of intent is through the establishment of a
10b5-1 plan.
...............................................................
Zdroj: ChatGPT


