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.
Comment on Unity Bosses Sold Stock Ahead Of Scummy Dev Fees Announcement
AlmightySnoo@lemmy.world 1 year ago
It’s a low amount though (2000*36=€72k). What is more concerning is his 50,610 shares that he sold in total this year, as now that is a fairly big amount if he planned this move months ago.
To be fair, these guys are much more suspicious:
Chief among them being Tomer Bar-Zeev, Unity’s president of growth, who sold 37,500 shares on September 1 for roughly $1,406,250, and board director Shlomo Dovrat, who sold 68,454 shares on August 30 for around $2,576,608.
Tibert@compuverse.uk 1 year ago
Copernican@lemmy.world 1 year ago
Yeah, 2000 is nothing compared to the 50k shares he sold already. I think the bigger data point is probably how many shares does he own in total. It’s not uncommon to diversity and minimize some exposure to one company. Give stock is a major compensation structure for ceo’s, it makes sense they they liquidate it at periodically. I’m curious is September 1 is a vesting day or something for stock awards.
vivadanang@lemm.ee 1 year ago
never found the trades themselves suspicious (scheduled vesting) but the timing of their announcement, which JR had complete control over, is a fucky. Consider they edited the wiki in mid June. Then wait two months to announce a huge policy change, right after everyone that was getting out had already gotten gone.
StarServal@kbin.social 1 year ago
I’m glad to see some light being shined on the taint rather than it all on the asshole.