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Moderna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic

Tiger Newspress2022-03-17

Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pandemic.

Stephane Bancel, Chief Executive of the COVID-19 vaccine maker Moderna (NASDAQ:MRNA), has offloaded $408 million worth of company shares since January 2020,CNBC reported Thursday, citing an analysis of the company’s securities filings.

Equilar, a company providing data on executive compensation, has independently verified the value of Bancel’s sales. However, he has made the sales in line with the 10b5-1 stock plans adopted in 2018.

According to the report, as Moderna (MRNA) shares surged with its successes in the COVID-19 vaccine front, Bancel has become a billionaire with an estimated net worth of more than $5.3 billion based only on his company equity as of March 01.

  • Developed in partnership with the National Institutes of Health (NIH), Moderna’s (MRNA) vaccine is the second most widely used COVID-19 shot in the U.S.

  • However, the company is battling several parties, including the NIH, for certainpatent rights for the mRNA-based shot.

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    Comment24

    • Camemberu
      ·2022-03-18
      Relax, he made the sale of shares accordingto the 2018 10b5-1 plans. That's how they get paid. 
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    • BenjiFuji
      ·2022-03-18
      Why he need so much cash suddenly? Red flag?
      Reply
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    • 1b4a34ed
      ·2022-03-18
      Not a good sign...
      Reply
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    • andrew123
      ·2022-03-18
      Like 
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    • IN76
      ·2022-03-18
      That is not a good sign when its CEO offload thecompany's shares in such a large amount. As retail investors, we have to be careful. 
      Reply
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    • ACCY
      ·2022-03-17
      Hmm something fishy! 🤨
      Reply
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    • kaeni
      ·2022-03-17
      Fishy fishy
      Reply
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    • SiewWeng
      ·2022-03-17
      nice
      Reply
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    • ynwaben
      ·2022-03-17
      Haha
      Reply
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    • Sim1
      ·2022-03-17
      $$$
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    • Jayden86_
      ·2022-03-17
      Ya 
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    • Jl123456
      ·2022-03-17
      ok
      Reply
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    • CIG
      ·2022-03-17
      I bought 2 shares, sold 1 at loss, keeping last 1 for time being.
      Reply
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    • dnhos0005
      ·2022-03-17
      Ok
      Reply
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    • Tony0623
      ·2022-03-17
      buy
      Reply
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    • Runningdown
      ·2022-03-17
      like pls
      Reply
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    • KopiLim
      ·2022-03-17
      Ok
      Reply
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    • aaffsmcjje
      ·2022-03-17
      Hahahaha. Kacing to d bank he said
      Reply
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    • LWKJKK
      ·2022-03-17
      Wonder why post now.. moreover, this news already posted early this year.. 
      Reply
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    • Desmondsim
      ·2022-03-17
      Like
      Reply
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