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Unity bosses sold stock days before development fees announcement, raising eyebrows
(www.eurogamer.net)
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Not if it is an automated scheduled sell and reported to the SEC.
I feel like a scheduled sell shouldn't mean insider trading investigation is off the table.
Does it really matter if they decided to sell just before they devalue their company, or they devalued their company right after a sell? They knew about both before hand, and they can have the same intent either way.
I suppose, but that's a different crime under a different statute Im guessing. (Tanking the company because gou have a scheduled sell, versus selling because you tanked the company.)
They’ve been consistently selling off stock for the last year as noted in the article. Many of these execs get paid in a combination of cash and shares. To get their full wage they sell shares.
According to the Form 4 filed with this sale, the trade was planned at least as of May 19 using a 10b5-1.
https://www.sec.gov/Archives/edgar/data/1193857/000181080623000163/xslF345X05/wf-form4_169420518678431.xml