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Pfizer CEO made $5.6 million stock sale on same day as COVID-19 vaccine update: filing

Published 11/11/2020, 09:07 AM
Updated 11/11/2020, 10:05 AM
© Reuters. The Pfizer logo is seen at their UK commercial headquarters in Walton Oaks

(Reuters) - Pfizer Inc (N:PFE) Chief Executive Officer Albert Bourla sold $5.56 million worth of company shares on Monday, the day the drugmaker said its COVID-19 vaccine was 90% effective based on interim trial results, a regulatory filing showed.

Bourla authorized the sale of the shares on Aug. 19, provided the stock was at least at a certain price, as part of a predetermined plan, the company said.

Bourla sold 132,508 shares at $41.94 per share, according to a Securities and Exchange Commission filing late Tuesday. (https://

"The sale of these shares is part of Dr. Bourla's personal financial planning and a pre-established (10b5-1) plan, which allows, under SEC rules, major shareholders and insiders of exchange-listed corporations to trade a predetermined number of shares at a predetermined time," Pfizer said.

Pfizer said on Monday its experimental COVID-19 vaccine was more than 90% effective based on initial trial results, sending its shares higher along with the broader markets.

The company's shares rose as much as 15% to trade at session high of $41.99 on Monday, before closing up 7.7%. They were trading at 38.75 on Wednesday.

Pfizer and German partner BioNTech SE (F:22UAy) have said no serious safety concerns were found so far and expect to seek U.S. emergency use authorization this month, raising the chance of a regulatory decision as soon as December.

Latest comments

If you knew that you could potentially make billions by selling successful vaccine to the entire world which would make pfizer more profitable aka raise the price of the stock up, than you can make a lot more money. So why sell? It won’t be sold because it will be blocked to achive “Dark Winter” which is meant to shot down world economies so the central banks can have a reset. Only thing standing in their way is Orange Man. Keep watching as the plan unfolds. Enjoy the show! Trump 2Q2Q
..$ 5.7 millions is equivalent to 137000 shares, an insignificant amount of shares compare to Pfizer's oustanding shares that are more than 5700 millions .
Bro... If I knew that the vaccine that is being elaborated by my companie is going to be approved for massive production I would definitely hold my positions and sell when I get the approval. Shady stuff going on in Pfizer.
As your legal council, I would advise against that action. instead, I would advise you to file SEC forms and sell a small portion of your holdings as prudent financial planning management.
I do totally agree, 132000 shares are insignificant for the 5.7 billion oustanding shares.
Pfe CEO didn't made, he dumped his shares. Sugarcoat media.
You need to look at the SEC FORM 4, then come back and correct your post with the facts. Perhaps review President Biden's tax plan too.
this is Biden effect. no reason to worry.
That surely part of it. Why pay Biden's huge capital gains taxes? Sell a portion of your holdings at the planned price level per portfolio management. The lower cap gains tax rate, even better.
What are you talking about? Do you honestly believe covid is real?!
More questions whether this vaccine is really effective than the news
Only the information was worth billions.
Two executives with Pfizer Inc. sold millions of dollars worth of shares in the company on Monday, a day when the drug company announced positive news about a promising vaccine for COVID-19 that sent the shares sharply higher. CEO Albert Bourla sold 132,508 shares in the drug company he runs, for an average selling price of $41.94 apiece. That would have netted him almost $6 million US. https://worldabcnews.com/pfizer-executives-sold-shares-on-day-when-positive-vaccine-news-came-out/
I wonder why he sold only $million worth, not far more. It sounds just a piece of cake of his net share.
Totally pump for his dump. If vaccine outlook so good he'd delay the sale.
100% agree. One more reason not to get this vaccine!
People like that should be put in jail. Sorry.
Read it again: He organised the sale on 19th August - nothing to do with the vaccine.
Yes, and he organized news about vaccine for same day as his sale. What a coincidence.
The day of the vaccine announcement is the day to BUY, not sell! :)
That’s the right point. But then is the question. What type of announcement we have seen, if he sold, not bought?
https://www.bloomberg.com/news/articles/2020-11-10/deep-freeze-challenge-makes-pfizer-s ****vaccine-for-the-rich
Why he would sell those shares if that vaccine will work unless it will not work
♠️♠️
It was all said to be done by TrumpAnd so the vaccine message was released so that they can offload their stocks at good price all set n doneGreat Trump by playing with people's emotions in the name of vaccine
He didn't control the time to sell the stock. He just controlled the time to release the results
If i could pre determine when to sell my stocks, i would align it with the release date cause i know how the market is going to respind to the release!
This is the real issue with the US. Our government and corporate leadership getting rich off of our distress.
no, that's just pharma
SEC do your job
sitting around is what they has done since March
Corporate Insider trading at it's WORST!
May be it is legal, but it is clear that he didnt show integrity here. The board should fire this **** He just toppled a huge rally for his own benefit
What? Don't believe in capitalism? He was on a 10b plan and this date (not price) was scheduled ahead of time. So he has a big pay day. He worked hard, it was above board and legal.
WoW, this is what the Dept of Justice needs to be focused on.
People complain about rioters and looters, but the real theft in America is white collar crime.
FDA will not approve it and he just made a huge profit. Well played Dr. well played.
Why wouldnt they? What are your arguments?
it contains micro chipz
It is not justice trade, i hate their who working and trade stoks own company, it is not justice trade, why we know today, why not monday, for analise this stock, to buy or sell, not justice trade
Texas’s irresponsible Rebublican governor has catipulted his state into the #1 position in the country for Covid19 with over 1 million cases. Just more testing, you say? Bah! Texas also is now #2 in terms of deaths with nearly 20,000. Governor Abbott, you’re doing a fine job on behalf of your typically uneducated and obese electorate. So what’s next now that your accomplice in crime, Donny, has been shown the door? Perhaps we’ll just string you up for aiding and abetting Donny. That would be very fitting on this Veterans Day, because based on the numbers cited earlier, as Donny would like to say, the you too are a “loser,” Governor Abbott!!
Insider trading . If he know it is working well, why doesnt he wait fda approve ? Can go even higher. Think about it
still he owns 80000 stocks 😅
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