Two Moderna Executives Dump $30 Million of Stock after Vaccine Press Release

REVEALED: Two executives at drug firm Moderna quietly sold nearly $30 million of stock when they unveiled coronavirus vaccine and value rose - before share price went down again

Moderna's share price skyrocketed after it released promising results from its vaccine trial Monday, sparking hope that a vaccine could be available January

Stocks surged as much as 30 percent Monday to $87 a share following the news 

Lorence Kim, Moderna's chief financial officer, exercised 241,000 options for $3 million Monday, then sold them for $19.8 million, taking a $16.8 million profit 

Tal Zaks, Moderna's chief medical officer, exercised $1.5 million stock options before making a profit of $8.2 million when he offloaded them for $9.77 million

[link to www.dailymail.co.uk (secure)]

Let me explain what’s going on.

To prevent accusations of insider trading (buying/selling with non-public information), executives can use Rule 10b5-1

Rule 10b5-1, established by the Securities and Exchange Commission (SEC) in 2000, allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own.

The documents I’ve linked to in this thread, state the trades were made via Rule 10b5-1.

This means Lorence H Kim (CFO of Moderna) and Tal Zvi Zaks (CMO) arranged in advanced with their broker the trades they would make dates/times/amounts etc. So, these trades were pre-planned.

However, if you look at the significant trades in their history, they occurred around.

1. FDA fast tracking Moderna vaccines (12 May)
2. Moderna positive press release (18 May)

Unless you knew the future, it would be virtually impossible to pre-plan when/if the FDA would fast track the vaccine or the date when the positive press-release would be released.

It would be like choosing which day to win the lotterty on.

The evidence is damning and Lorence H Kim and Tal Zvi Zaks have committed stock fraud.

[link to www.businessinsider.com (secure)]
[link to www.zerohedge.com (secure)]
[link to www.nakedcapitalism.com]
[link to maxkeiser.com]
[link to emmadrew.info (secure)]
[link to www.themoneyprinciple.co.uk]
[link to www.angrybearblog.com]
[link to dealbreaker.com (secure)]
[link to monevator.com]
[link to millennialmoney.com (secure)]
[link to www.squawkfox.com (secure)]
[link to www.mymoneyblog.com (secure)]
[link to diseasecalleddebt.com (secure)]
[link to www.financialsamurai.com (secure)]

etc!

You have 36 hours before I start sending the emails!

You have 36 hours before I start sending the emails!

seems illegal, probably isn't, America made sure people can do whatever they want with money during Bush years.