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FACT BRIEF

Did Moderna's CEO abruptly sell $400 million of company stock and delete his Twitter account?

By Christiana Dillard
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NO

Moderna CEO Stéphane Bancel did recently sell some of his company stock, but not $400 million worth.

The 19,000 shares he sold on Feb. 9 and 10, 2022, were valued between $154.26 and $158.05 each. The 4,000 other shares listed were a "bona fide charitable gift." According to the information on the form, the 19,000 shares Bancel sold are valued at about $2.97 million. 

Bancel has sold predetermined shares of Moderna since at least 2018 through a trading plan that utilizes scheduled sales.

He did delete his Twitter account, but it hadn't been active since 2019.

See a full discussion of this at Lead Stories
This fact brief is responsive to conversations such as this one.
Sources
US Securities and Exchange Commission SEC FORM 4
Investopedia Rule 10b5-1 Definition
ABOUT THE CONTRIBUTOR
Lead Stories
Lead Stories is a fact checking and debunking website at the intersection of big data and journalism that launched in 2015. It scouts for trending stories, images, videos and posts that contain false information in order to fact check them as quickly as possible. It actively monitors the fake-news ecosystem and doesn’t wait for reader tips or reports before getting started on a story.
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About fact briefs published on Gigafact
Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.