this post was submitted on 18 Sep 2023
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It's a low amount though (2000*36=€72k). What is more concerning is his 50,610 shares that he sold in total in the past year, as now that is a fairly big amount if he planned this move many months ago.
To be fair, these guys are much more suspicious:
EDIT:
Yeah, nothing really unusual in Riccitiello's trades. He may be an asshole but that's no reason to immediately accuse him of insider trading for a lousy $77.15k worth of shares given that he already has a pattern of selling way bigger amounts:
EDIT 2:
Here's Riccitiello's filing for that trade: https://www.secform4.com/filings/1810806/0001810806-23-000163.htm
Read in particular this part:
That's not insider trading. That's a pre-planned trade (see Investopedia's entry about Rule 10b5-1) that would have been executed no matter what.
It can be a pre-planned trade. However they also could have waited for the shares to be sold then make the announcement.
Who knows. I'm not here as a judge.