Published: Sat, January 06, 2018
Science | By Eileen Rhodes

Intel CEO share dump 'unrelated' to processor flaws

Intel CEO share dump 'unrelated' to processor flaws

When properly exploited, the vulnerabilities could allow a malicious actor to access sensitive user data stored in protected memory, though Intel notes that sensitive data cannot be modified or deleted. After the report was made public, Intel competitors, AMD and Microsoft saw their shares surge.

Of course, if the SEC decides to leave this stone unturned, it's just a whole lot of hocus pocus - since executives are typically allowed to sell their holdings even if they know of non-public material information (I mean reasonably they will always have some form of non-public material information on hand, otherwise why would you be called CEO of a multi-national company, no?).

Krzanich sold stock and exercised options worth a rough total of $24 million on November 29, reducing his holdings of Intel shares to 245,743 - the minimum required by his contract with the firm.

November 29, 2017: Krzanich sells more than $39 million worth of Intel stock, in accordance with the revised trading plan adopted just weeks earlier.

It is a relatively common practice for CEOs and other executives to put PDP plans into place to avoid being accused of insider trading in case something happens to occur around the time they sell off some shares.

An Intel spokeswoman says that Krzanich's October 2017 trading plan change and subsequent stock sale were "unrelated" to the chip design flaw, but declined to provide any alternate explanation.

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Intel CEO Brian Krzanich sold half of his stock several months after learning there were security flaws in billions of microchips across the industry, raising questions about the timing of the sale and his confidence in the company.

But Google had previously notified Intel of the vulnerability in June, according to Business Insider.

Intel told BI that the sale was not related to the two flaws, which are present in all Intel processors dating back to 1995.

There could be many reasons, personal, such as buying a new house. Shares closed more than 3 percent lower after the company said it was working to fix a security issue that also affected other chip companies.

However, according to the SEC filing, Krzanich only put that plan in place on October 30, 2017, meaning he knew about Meltdown and Spectre.

Thus far, Intel has insisted that Krzanich's sale of company stock was unrelated to any revelations regarding the security flaws.

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