I don't think I do. To me it looks like some last-minute greed. He would have been smarter to keep his transactions further from the scoop.

But as I said, the nearness in time only implies coordination. I can't prove it. A trial might, or might not. I doubt that all the communications between the reporter and Peltz's burner phones were recorded.

The expiration date on the options would be interesting to know. If they were very short-term options (lower time decay) only slightly out of the money (higher time decay), that would be even stronger evidence.

The sales within a minute of publication are also strong evidence that Peltz knew what was coming when. You don't want the off chance of a sudden stock market crash to get in the way our your insider trading...