I think you're wrong on the 5-year holding requirement.
EARNINGS in a Roth IRA can't be withdrawn for five years after the account is established, but one doesn't have to hold a stock for 5 years (I've been trading stock, short and long-term, in my Roth IRA with no penalty for years).
If Lund used money in his Roth to buy shares of LIBE, he can sell them at any time and there will be no penalty, as long as he doesn't take any profits out of the account within 5 years of establishing the account.
Regarding Lund, when he bought the LIBE shares in August, 2017, there were 3.2M outstanding shares reported in the 10-Q for 3Q/17, which put Lund's 880.6K shares at well over 10% of the OS.
LIBE's OS is now approximately 14.5M shares, which puts Lund's holdings at about 6.1%. Therefore, he's no longer a beneficial shareholder, and ins't required to report his holdings. He may already have sold his LIBE shares.
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
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