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I got laid off from Moderna recently. I have some incentive stock options (vested) on my Fidelity account. The separation agreement stated that I have 90 days to exercise my options. However, the company declared a company-wide ban on trading a couple of months ago citing every employee was an insider. My 90 days trading window starts the day after my separation day, but I am not allowed to trade even now. That means I will have a much shortened trading window and may have to do so at an unfavorite time. In case the company would not lift the ban I may lose the right to trade my stock options. Is this legal? Is it possible to postpone the starting of the 90 day trading window to the date whenever I am allowed to trade? I sent an email to the HR but nobody responded. Help please!
Stephen
Email me at wallin@carneylaw.com