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Unity Software Inc's President and CEO John Riccitiello Sells 2,000 Shares
(finance.yahoo.com)
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this post was submitted on 13 Sep 2023
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He sold 2,000 fucking options at $1.43 a piece today. The largest trade he's ever made was selling 1,899,317 units of Unity Software stock on 4 June 2020 worth over $87,615,493. On average, Mr trades about 193,001 units every 155 days since 2012.
Stop clicking on yahoo finance shit articles. List of his unity sales history: https://wallmine.com/people/85761/john-s-riccitiello
Adding to this: SEC regs for officers in public companies require them to plan and disclose trades well in advance. It's not exactly my field and I'm way too lazy to research, but it's probably like one or two quarters in advance. This is to prevent market panic and speculation exactly like the bs in this thread.
Yep, I didn't bother to include the advance disclosure requirements. Publically traded company employees with insider information are banned from trading on it (theoretically could be anyone but generally just reserved for execs who actually make enough off the dishonesty to be worth going after). Execs can't even trade in real time as the temptation is obviously too great, they have to make any buy/sell purchases of their own company a quarter in advance.