Morgan Stanley Administers Trading Plan for Viemed Healthcare Shares
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Michael Moore, President of Viemed Healthcare, announced the adoption of an Automatic Securities Disposition Plan (ASDP) concerning common shares of Viemed Healthcare, Inc. The plan is a pre-arranged trading plan administered by Morgan Stanley Smith Barney LLC. The ASDP operates under Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 and is established for shares held by Moore Faster LLC, an entity controlled by Mr. Moore.
Why it matters
The plan allows trades to occur automatically based on pre-arranged instructions given when Mr. Moore was not in possession of undisclosed material information. Once established, the ASDP prevents Mr. Moore from exercising further discretion or influence over how the share dispositions occur.
Who's involved
- Morgan StanleyAdministers the pre-arranged trading plan under Rule 10b5-1.
- Michael MoorePresident of Viemed Healthcare, whose shares are subject to the disposition plan.
- AnthropicCompany whose common shares are the subject of the disposition plan.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AnthropicSpeculative
The market could be affected by the automatic sales of company shares under the established plan.
How this reaches others
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The entities involved
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Morgan Stanley
U.S. investment bank