LA federal jury convicts Ontrak founder in historic insider trading prosecution

Terren Peizer is the first executive of a publicly traded company to be prosecuted for insider trading based on his Rule 10b5-1 plans.

Terren Peizer (front left) leaves the courthouse on Tuesday, June 4, 2024, with his lawyer David Willingham of King & Spalding. (Photo by Meghann M. Cuniff)

A federal jury convicted on Friday former Ontrak Inc. CEO Terren Peizer of three felonies for dumping company stock in an insider trading scheme aimed at avoiding more than $12.5 million in losses.

Pe…