First, any insider must file Form 4 for his share sale; 2nd, he must have good plans by updating 9 filings after being silent for years; 3rd, there is tiny reason for a CEO with so huge shares to sell at 0.01, while he can hold them for much higher level.
IF he updated 9 filings just to sell his shares, the SEC will investigate him for fraud. I don't think he would be stupid enough to do it.