I am much more comfortable when insiders sell when the stock is down or at an average level rather then when it on its way up.
Richard sells in th $3.XX - $4.XX range tells me he's not being greedy or doubtful about the stock.
Imagine that as she it going up past $6.00 you suddenly see a lot of insider selling? Translation "This baby is overpriced. I'm cashing in!"
I think selling at an average to low price also gives him credibility at not being accused of insider trading. This would be a real problem for insiders if they sold and the next week the stock took a dive because of bad news that they already knew about.
All in all, if Richard is going to sell, this was the month to do it!
Now next week, when we start climbing again, no one can find fault with the insider's selling.
BK