On October 1, the day after the closing of the 3rd quarter, Elvis,
3rd quarter closed on 2018-09-30. By that time as you say, share price was already down by $1 dollar.
You say that in order to benefit from the RATA, you should not have insider information. In other words, the RATA that is created for employees with insider information should not be accessible to BBD executives since they will always have insider information!
The way I understand this plan, the purpose is to impose a cooling period between the time that execs decide to sell to the time it will be sold so they cannot sell just a few days before something they had priviledged information happens.
So the stock started to drop down from the $4.67 to the $3.19 level a month and a half after execs transferred their shares in the RATA (08/15 you said).So you assume that they knew by August 15 that cash would be very bad by 11/08.
So what part of this scenario do you hold BBD execs responsible for? The first $1 drop? The second $1.50 drop that occurred a long time after they decided to sell their shares? In my view, it can only be for deciding to sell on August 15th. So what would be your solution? They should decide to sell at least 6 months? a year? before results are released? They should not be compensated with stock options? What better leverage would you have to engage them to make the company performing?
I must admit that I am confused with the purpose of your post and the evidence that you are presenting.