Yep, it’s under a 10b5-1. That’s why I said one Form 4 doesn’t tell the story. They’re pre scheduled, so the real signal is if you see multiple insiders bailing in sync and no buybacks stepping in. That’s when it goes from noise to a red flag
Dumping 100% is definitely louder than a trim but remember, 10b5-1 sales are pre-set. The real tell is if multiple insiders start bailing in sync. One guy selling can be noise, everyone selling is the bear choir warming up