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Unity bosses sold stock days before development fees announcement (www.eurogamer.net)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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 …

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[–] atzanteol@sh.itjust.works 48 points 1 year ago (2 children)

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 1 year 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 1 year ago (1 children)

https://www.investopedia.com/terms/r/rule-10b5-1.asp

[–] atzanteol@sh.itjust.works 1 points 1 year 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).