CEO Mike Sievert sells $6.5 million price of T-Cellular inventory forward of thriller information launch

Is the timing suspicious? Ought to T-Cellular prospects and staff be much more fearful than they’re? The reply to each questions is “No.”

T-Cellular President Mike Sievert offered 40,000 T-Cellular shares in a transaction valued at $6.5 million

There are some indications that Sievert’s T-Cellular inventory gross sales don’t have anything to do with the mysterious actions that T-Cellular is taking this week. To start with, the inventory gross sales had been made underneath a Rule 10b5-1 buying and selling plan that Sievert put in force in November 2023. This plan permits company insiders to promote shares at predetermined intervals of time lowering the chances that the insider shall be accused of insider buying and selling.

Moreover, Sievert nonetheless holds 438,124 T-Cellular shares so the 40,000 shares offered represented solely 8.4% of the chief’s holdings. Meaning he nonetheless has loads of pores and skin within the sport and critically unhealthy information for the corporate nonetheless might damage his pockets. In addition to, if the information is what we suspect it’s, a worth hike for legacy postpaid plans, it should not lead to a mass exodus of consumers from T-Cellular. Definitely, nothing ought to occur that may outcome within the inventory crashing.

Whereas we’re nonetheless intrigued by what has T-Cellular anticipating to face the wrath of its subscribers earlier than the tip of this week, there may be nothing suspicious within the timing of Mike Sievert’s inventory sale. The inventory itself has taken the impression of this information and nonetheless managed to maneuver larger as we speak by 46 cents to $164.36.