The insiders could sell now if they had the plan approved, but it's not yet been approved.
What seems to me to be a more likely scenario is that this will give Sonnenreich another opportunity to load up on the cheap. Doesn't he now own more shares than any other Director? I wonder if he's got more dough (higher net worth) than any of the others, i.e., more to spend on buying TDC.
B.