If it was after the announcement, it was after the announcement. One second is plenty for him to be perfectly morally justified.

Right, agreed, so why the attempt to explain the difference between 10 seconds and 3 minutes as a value statement?

What is the primary URL for where the announcement was actually posted? (on Reddit itself? in a press release? somewhere else?)

How long is the time lag between posting it there and when the typical holder of Moons would have been notified?

(Think: Efficient Market Hypothesis viz. time lag of disclosure)

He doesn’t have to wait for the typical holders of moons. Only for those very dedicated. And 3 minutes should be plenty fof those.

I'm simply asking what actual mechanism constitutes "disclosure" for Moons.

(I didn't comment on his defense/explanation at all.)

Can anyone just answer what I asked?

There’s two “announcements” I see in the Reddit threads, and it isn’t clear which he’s talking about here: the internal announcement, from an hour before the public announcement.

It’s pretty shitty if he sold after the internal, and still even if he waited “3-6 minutes” after public, he still had an hour to prep his sell and make a decision on whether he would.