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From Morgan Stanley Administers Trading Plan for Viemed Healthcare Shares

How does Establishment of an Automatic Securities Disposition Plan affect Michael Moore?

Michael Moore has established a plan to sell up to 246,000 of his company shares. Michael Moore adopted an Automatic Securities Disposition Plan (ASDP) concerning his common shares in Viemed Healthcare, Inc. This plan allows for the sale of up to 246,000 shares. The sales are subject to predetermined trading instructions and are administered by Morgan Stanley Smith Barney LLC, pursuant to Rule 10b5-1 under the U.S. Securities Exchange Act of 1934. Sales could commence as early as December 24, 2026, under a minimum floor price, with the potential sales term lasting approximately one year, ending November 30, 2027.

Reported by 2 independent outlets Written Sep 25
Effect
Strong negative
How direct
2 steps, all reported
When
Right away
The story
Gone quiet

How it reaches Michael Moore

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The facts so far

As reported. Each one links to where it comes from.

Why it matters

For Michael Moore, this plan introduces a significant potential divestment of his company holdings. The ASDP is a mechanism that allows for the automatic sale of shares, meaning the sales are predetermined and proceed without his real-time discretion.

This plan is structured under Rule 10b5-1 of the U.S. Securities Exchange Act of 1934, which governs these types of sales. The plan is subject to a minimum floor price, and any amendment, suspension, or termination of the ASDP must be disclosed in accordance with applicable securities laws.

What we don't know yet

  • What is the current market price of Viemed shares?
  • What is the minimum floor price for the sales under the ASDP?

Is this still moving?

Gone quiet Reached 3 outlets in its first 24 hours
Reports
3
Developments
1
Repetition
67%

What would change this answer

The market price of Viemed shares rises significantly above the floor price.The potential value of the sales increases, leading to a larger potential financial impact.
The company announces the commencement of sales under the ASDP.The potential sales become active, leading to the execution of the plan.

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The full eventMorgan Stanley Administers Trading Plan for Viemed Healthcare Shares Everything aboutMichael Moore

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