2. Mr Lorsch has no idea when any of his directors sell stock nor does he tell them good times to buy and sell. He runs the company and is working his a$$ off.
3. George is on the Board of Directors - if anyone noticed these people are getting stock as salary at this point. There will be much more stock coming George's way and if he decides to sell for $5,600 in cash now while still holding over 1.5M shares then I wouldn't take it as a sign of panic selling.