I don't believe it matters is restricted and only SELLS.
The SEC reg. is specific: An entity may not make a trade that causes a profit to the entity due to insider information.
Now if the pending news to be released in April is blockbusting, S&L selling now would not be taking advantage of insider information thus would not be illegal. If he was to BUY shares now with such information it would be illegal.
GLTA Longs......................Go PTSC!!!!!!!!!!!!!!!!