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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 45 points 1 year ago (1 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.