Yes they are, and are completely transparant about it. You can follow the movement of their Hbars via their wallets 0.0.54795 through 0.0.54990 and 0.0.1 via dragonglass.me. Movement of hbars to third parties not necesserily means that they are also being sold.
The founders have instituted a responsible hbar sales plan designed to avoid (a) unfairly benefiting or the appearance of unfairly benefitting from their access to information that may not be broadly known and (b) disrupting public markets.
Somebody (Jon) from the Hbar Telegram chat gave some extra insight behind a selling plan:
You're extrapolating without being aware of how their selling plan came into being. If you're a key Insider, and you go to an SEC specializing Law Firm, they are going to take a sell plan right off the shelf. It's freaking boilerplate guys. This isn't something that Leeman and Mance dreamed up.
Think about what you know of them. They walked in and they asked for the advice of lawyers and the lawyers gave them their bulletproof package. The one long-term selling plan that was indisputably noncontroversial. And of course our guys, being who they are, said good that's when we want.
You have to pick a plan that puts you absolutely beyond any reproach based upon an allegation of Insider knowledge. So the plan that was given to them was adopted long before this selling took place. Probably at least two years beforehand. Maybe three years beforehand.
Such a plan is the only way guys in their position can safely sell. Because if challenged they can say, look I adopted this long term personal diversification program years ago. Therefore, the allegation that I'm selling now based on Insider knowledge is preposterous or specious.
It has to be a sell program on autopilot. Don't you see? Geez guys. Otherwise given the litigious environment of the world there is no safe way out for a founder out of a company or in this case a crypto.
If they were just to hold their coins and wait until they felt a hunch that it was a good time to get out, they would have to look over their shoulder for several years wondering if somebody's going to sue them and take all their money back, and then some, and possibly get charged criminally, based upon an inference, which would appear facially reasonable, that they were trading based upon something if they knew that the market didn't.
Because they always know something at the market doesn't! So unless it's on autopilot established years before the event, they are always vulnerable to civil or criminal charges.
sources:
The founders have moved hbars to other network accounts in amounts inconsistent with their sales plan. Does that mean they are not complying with their sales limitations?
Are the founders subject to any sales limitations?
Hedera’s founders have substantial hbar holdings. Are the founders selling hbars?
