In the February edition of the Katten Compass, we discuss the SEC’s recent amendments to Rule 10b5-1, which added new conditions to the availability of certain defenses to insider trading liability, as well as imposed new disclosure requirements that public companies should keep in mind as they institute and monitor compliance with their 10b5-1 plans. We also discuss the Delaware Chancery Court’s recent decision in Delman, and the potential impact of the ruling on the SPAC market going forward, review a record Regulation FD penalty assessed by the SEC, and close with a roundup of other recent developments in the securities and capital markets world. Please note the invite to our “Crypto with Katten” Symposium in London next month at the end of the issue. And if you’ll be at the Roth Capital conference in March, please do reach out so we can connect in person!