Blackout periods are arduous to deal with for sure -- the timing of it actually is probably not in his hands at all. When I've sold my shares internally as an insider, you essentially fill out the paperwork with how many shares you want to sell, and when the blackout period lifts they are sold for you.

This does mean no material news in the short term for sure (or if material news is released soon I'd expect some regulators to have some questions for the management team).