Rule 10b5-1 trading plan
Also called 10b5-1 plan, pre-arranged trading plan
A plan an insider writes before knowing any inside information that sets when and how much stock will be traded later.
How should a 10b5-1 sale be read?
SEC Rule 10b5-1 gives insiders a defence against insider-trading claims when they trade under a written plan adopted in advance that fixes the dates, prices or amounts.
Amendments in effect since 2023 make officers and directors wait, as a rule, at least 90 days after adopting a plan before the first trade, and require Form 4 to say when a trade was made under a plan. Plan sales often repeat on a schedule, so a single sale says little on its own.
Whalegun marks trades made under a 10b5-1 plan with a chip and groups a sale filled in several pieces on one day into one row.
See it on Whalegun
Recently reported trades
- Javier Olivan
Sell10b5-1 planMeta Platforms
Sell10b5-1 planMeta Platforms
META
$709.9K
946 sh
$709.9K
Filed 09/30
Traded 09/28
- Javier Olivan
Sell10b5-1 planMeta Platforms
Sell10b5-1 planMeta Platforms
META
$305.6K
408 sh
$305.6K
Filed 09/30
Traded 09/28
- Javier Olivan
Sell10b5-1 planMeta Platforms
Sell10b5-1 planMeta Platforms
META
$61.4K
82 sh
$61.4K
Filed 09/30
Traded 09/28
- Javier Olivan
Sell10b5-1 planMeta Platforms
Sell10b5-1 planMeta Platforms
META
$61.4K
82 sh
$61.4K
Filed 09/30
Traded 09/28
- Javier Olivan
Sell10b5-1 planMeta Platforms
Sell10b5-1 planMeta Platforms
META
$42.7K
57 sh
$42.7K
Filed 09/30
Traded 09/28
More terms in this area
- Form 4The filing an officer, director or more-than-10% owner of a US listed company sends the SEC after trading the company's stock.
- InsiderThe people Section 16 of the US Securities Exchange Act requires to report their trades: a company's officers, its directors and holders of more than 10% of its stock.
- Form 4 transaction codesThe single letter on each Form 4 line that says whether it is an open-market purchase, a sale, an option exercise or something else.
- Cluster buyingSeveral insiders of the same company each buying shares in the open market within a short period.