They were options ...why wouldn't they exercise such: investorshub.advfn.com/uimage/uploads/2020/5/22/swgza1.PNG https://investors.modernatx.com/static-files/03ba600f-801d-4609-a7fb-332ac507f76f Further in said art': Although the fortuitous timing of the transactions may raise eyebrows, Charles Whitehead, professor at Cornell Law School, said the stock sales did not appear to raise any legal red flags."On its face, there is nothing wrong with these trades," Whitehead said. "It's what a 10b5-1 plan is intended for, assuming the requirements are met." You would be a complete idiot not to do such....and that is being kind. Why would this even be considered news? It's a staple.