Stan is president of XYZ Drug Company, a publicly traded company. Stan recently sold 10.000 shares of XYZ Drug Company. Which of the following is not an element that must be proved to trigger Stan's liability under Rule 1o5-5 for insider trading?

A Stan sold stock in a publicly-traded company

B Stan made a profit in excess of S100.000 on the sale of the stock

C Stan possessed material. nonpublic information with respect to XYZ Drug Company that was significant to Stan's decision to sell the stock

D Stan had a special relationship with XYZ Drug Company as an insider