It actually is. The insider sells have to be announced well in advance.
Comment on Unity Software Inc's President and CEO John Riccitiello Sells 2,000 Shares
uzay@infosec.pub 9 months agoWe should make it illegal too!
MxM111@kbin.social 9 months ago
ColonelSanders@lemmy.world 9 months ago
Psst! That was the joke!
The_v@lemmy.world 9 months ago
Makes it easier for executives to plan when to make announcements like this.
So he scheduled selling 2,000 shares 3 months ago. Then made the announcement a few days after the sales clear. Easily planned for on this type of announcement.
They also do the same thing for positive news that will increase the stock prices. Announce it a few days before their scheduled sale.
Creating a routine selling/buying schedule that coincides with expected announcement periods is pretty easy.
ColonelSanders@lemmy.world 9 months ago
We need to make sure we come up with a way to enforce it as well!
Virkkunen@kbin.social 9 months ago
Okay, you lost me there now buddy!