Detox. No, the Moderna boss is not guilty of insider trading

Does the behavior of Stéphane Bancel, boss of Moderna, raise fears of a health catastrophe linked to mass vaccination? Several internet users (here, Where the) are thus surprised that at the beginning of February, the CEO of the laboratory which produced one of the vaccines against Covid massively sold the shares he held in the group. Before closing his Twitter account. ” This is the organization of the leak”, “A future vaccine scandal is coming soon “, worry the authors of the messages.

The CEO of Moderna did sell some 40,000 shares in early February for $6 million. But in reality, these transfers were planned for a long time. Indeed, to protect themselves from American law against insider trading, which prohibits the purchase or sale of securities on the basis of information not known to the public, company managers communicate, in advance, the planned operations to the authorities.

The boss of Moderna has thus been selling regularly, since the fall of 2019, batches of several thousand shares, on the basis of a program established in 2018, that is to say well before the pandemic. And despite these transfers, which Bancel describes as ” automatic the man still owns 22 million shares of Moderna, valued at $3.5 billion.

At this rate of sales, it would therefore take several more years before he could liquidate them all. Which contradicts the idea of ​​a leak “rushed, mentioned by Internet users. As for the closure of his twitter account, he explained on BFMTV: “ I hadn’t used my account since 2019. I closed it recently. I also left Facebook and Instagram “.

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