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Unity bosses sold stock days before development fees announcement
(www.eurogamer.net)
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this post was submitted on 14 Sep 2023
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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.
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.
https://www.investopedia.com/terms/r/rule-10b5-1.asp
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).