After all the suppositions about Merritt's stock sale. Let's throw in one more what if scenario. And that is, if Merritt is in a matrimonial contestation (divorce) and part of the settlement of marital assets included his shares presently owned (community property), he would have to sell and fork over the monies to the wife. And their are no if's and' or butts about it. Stock going up, stock going down, good or bad news pending. Give the spouse their just due and move on.
Step out of my court.
So, as all can see there can be any number of hypothetical what if's that justify or sanction Merritt's sale.
The direction of a court are not an issue for the SEC or WS, or us. That would and should be highly confidential amongst the parties.