The SEC is proposing changes that would impose additional conditions on 10b5-1 plans. As noted, if adopted, users of the plans would be required to wait 120 days before buying or selling stock under the plans after such plans are set up or modified. There are also other restrictions being proposed.
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Among other changes, the agency would require executives to wait 120 days before buying or selling their employee's stock after setting up or modifying the plans.
https://www.wsj.com/articles/sec-floats-money-market-fund-rules-to-deter-investor-runs-11639579017
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