Re: WTF? He should *know* this is like shooting fish in a barrell for the SEC
If he's classified as an 'insider' by the SEC, he has to execute pre-planned trades during specific periods. If you are so classified, you can't just decide one day to sell all your shares. Even if you had material information that they would beat estimates and the stock would soar and you lost money doing so, it would still be illegal.