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DewDiligence

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DewDiligence

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Re: jbog post# 216266

Friday, 12/29/2017 10:33:34 AM

Friday, December 29, 2017 10:33:34 AM

Post# of 257246
Re: RVNC insider exercise-and-hold transaction

The CFO’s prior sales—including the most recent one on 11/7/17—were pursuant to a 10b5-1 plan, which is what makes her exercise-and-hold transaction this week more remarkable.

It is legal—but rare—for an executive who has a 10b5-1 selling plan to execute a (voluntary) exercise-and-hold transaction while the 10b5-1 plan is in effect. (An exercise-and-hold transaction is is not considered a form of insider trading because it is not a form of trading.)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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