Knightshade
Well-Known Member
Can you verify that? I would think that a 10b5-1 plan would, as a matter of course, exclude those periods ( i.e., 15 days prior to end of quarter until 2 days after disclosure of Q results ), but I very easily could be wrong.
You are. We've been over this a bunch of times with links....and folks like Gary and Dave Lee have likewise confirmed that
Here's Sawyer citing such a sale DURING a blackout period by Elon
After doing a bit of research, the only thing I could find relative to establishing, or utilizing a 10b5-1 during a blackout period is this:
Can a Rule 10b5‐1 plan be established during, or designed to permit transactions during, a company blackout period?
An employee or director should review the company’s insider trading policy to determine whether the company permits establishment of a plan during a blackout period or permits trades during a blackout period pursuant to a plan. It is up to the Company whose shares are being traded. IANAL, but it would be prudent not to allow trading during these blackout periods, except in unusual circumstances.
Right- SEC is fine with 10b5-1 plans during blackout periods- only company rules would prevent it- and Tesla has no such rules.