I'd rather have him sell under a 10b5-1 plan then sell when the stock spikes to a new high. I've been involved with stocks where the CEO was a much better trader then me. He could always sell at the most opportune times.
JT has been thru the $hit with many of you guys, he has accumulated a ton of shares and options along the way. He did not know the ADCOM outcome nor the label months ago and is just covering his bases. Remind me what happened years ago with their at-bat with the FDA? Prudent is what I would call it.
How many way long investors took some off the table before ADCOM? I suspect several.