Benzinga | Dec 10, 2021 07:15AM EST

AMC Entertainment Form 4 Filings From Thursday Afternoon Showed Sale Of 312.5K Shares By Co. CEO, ~18.3K Shares By Co. CFO On Dec. 7; CEO Continues To Hold ~96K Shares, CFO Has 0 Shares Remaining; Sales Were Pursuant To 10b5-1 Trading Plan

Rule 10b5-1 is a rule established by the SEC that allows insiders of publicly-traded corporations to set up a trading plan for selling stocks they own. This means the sales were previously-agreed upon and were not an "open market" sale.