755
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

you are viewing a single comment's thread
view the rest of the comments
[-] atzanteol@sh.itjust.works 49 points 9 months ago

All trading by corporate officers is, by definition, "insider trading".

But as long as they did it at the appropriate times (usually windows after earnings calls iirc) and file with the SEC it's fine.

[-] tory@lemmy.world 5 points 9 months ago

We're gonna tank the company for money, everyone in this room sell all your stock over the next x months.

X months pass and the last sale of stock happens legally

Time for that announcement, send it.

[-] idunnololz@lemmy.world 1 points 9 months ago
[-] atzanteol@sh.itjust.works 1 points 9 months ago

Thanks - now that I've slept on it I believe the "after earnings call" applies to other non-officers of the company. I remember having some options that I could only exercise during certain times (HR would send us emails when those windows opened/closed).

this post was submitted on 14 Sep 2023
755 points (95.5% liked)

Technology

55692 readers
2446 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS