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Thursday, Feb. 17, 2022

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

Christiana Dillard, Lead Stories
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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