Blackout period Automatic securities disposition plans (ASDPs) should only be entered into by an insider in good faith and without the possession of material non-public information (MNPI).
The Canadian Securities Administrators recommend that issuers include in their insider trading policies a restriction against the entering into of ASDPs during the issuers’ trading blackout periods. In practice, it is also advisable to include provisions in an issuer’s insider trading policy that require internal approval of any ASDP entered into by an insider.
For most Canadian listed companies, the blackout period for quarterly financial results usually starts prior to the end of a quarter and ends at the end of the first full trading day after the financial results are publicly disclosed.
Fifteen days have passed since the end of the Q2 - 2020-06-30, what is the likelihood that the CEO has not seen a preliminary financial statement for Q2?
https://www.stikeman.com/en-ca/kh/canadian-securities-law/csa-provide-new-guidance-on-automatic-securities-disposition-plans