Did Moderna's CEO abruptly sell $400 million of company stock and delete his Twitter account?
Thursday, February 17, 2022
By Christiana Dillard
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.
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Sources
US Securities and Exchange Commission SEC FORM 4
Investopedia Rule 10b5-1 Definition
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