this post was submitted on 14 Sep 2023
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All execs sell their own stock all the time. You're just aware of it today for one company so it seems like an issue.
Riccitiello has 3 million shares. He sold 2k (.06%) recently and 50k (1.5%) YTD.
You should also be made aware that when you are identified as a director of a company, trades like this are generally automatically scheduled due to MNPI regulations.
https://www.gurufocus.com/stock/U/insider
Tim Apple sells about a million shares of AAPL every year, while holding roughly 3M continuously. Likely all pre-planned on a schedule.
https://www.gurufocus.com/stock/AAPL/insider