> The executives, including the cybersecurity company’s chief security officer, sold through so-called 10b5-1 plans, which are meant to remove any potential to benefit from knowledge of material nonpublic information.
Nothing interesting to see here. Move along.
"meant to" how does that work exactly?
In a nutshell, the ‘insider’ gives instructions to a broker
such as ‘on the 2nd Wednesday of every 3rd month, sell X number of shares if the market price is no less than Y’ and the broker executes on those instructions without any further contact with the insider.
The instructions are typically given well in advance of the first sale (and there is typically a schedule of sales rather than one-off sales).
So as the GP said… nothing to see here.
Amusingly, you are allowed to cancel any planned trades, so it's a minor barrier to insider trading.