Unity bosses sold stock days before development fees announcement, raising eyebrows
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Unity executives sold thousands of shares in the weeks leading up to last night's hugely controversial announcement it …

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 …

  • idunnololzEnglish
    29•10 months ago

    Usually people at a company are not allowed to sell stock except during special windows. For people at the very top it’s restricted even further where they need to essentially plan to buy/sell stock well in advance. Essentially there is a huge delay to any stock decisions. So these sell offs were likely decided far in advance and once locked in cannot be changed.

    For more details read https://www.investopedia.com/terms/r/rule-10b5-1.asp

    • @[email protected]English
      45•10 months ago

      the sale might not have been shady if scheduled, but the timing of the announcement which they have complete control over IS shady as fuck.

    • @[email protected]English
      7•10 months ago

      So basically it can be “legit” if they schedule the sale for a year out and the announcement for a year and a day…