With all due respect, it's not insider trading. For insider trading, an insider (Tecco) does not run afoul of those laws or fiduciary duties to shareholders unless he receives a personal benefit. Tecco hasn't received any personal benefit and, even if he has - purely for argument's sake - he could make a case out for the disclosure being inadvertent which would require him to disseminate it to the public later (which he said he'd do anyways via a future 8-K).
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