Krzanich plans to sell shares based on regulation 10b5-1, where the aim is to protect managers who are not accused of insider trading (buying or selling securities by a person with access to Confidential, unpublished information about that type of securities).
But due to the timing of the plan to sell as well as the time when Intel kept secrets about the vulnerability, the SEC could still see this action because of the secret information - especially when Krzanich did not give any good reason. about his actions.
In August, three Equifax executives also sold the stock just weeks before they announced data leaks, prompting the Justice Department to open an investigation. The representative of Equifax said that these people - including Chief Financial Officer, Information Division Chairman and HR Division Chairman - did not know about the leak when selling a small amount of stocks. Trading is not planned beforehand.
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