RE:SecondaryAs it was a bought deal, the sale by Hammond is done and closed legally. Whether the broker/dealer group who bought the shares from Hammond is still sitting with the risk, is a different question. The fact they upsized the deal means there was very good demand. Given the share price bounced off the offering price ($131), it was a clean burn. As for timing, the company will go into blackout soon - no executives can share stock during that time - prior to Q3 earnings and they are likely to be good. Given the rise of the stock over the last few years, I don't blame Hammond for taking a few chips off the table. He still has meaningful skin in the game.