Unity bosses sold stock days before development fees announcement, raising eyebrows
www.eurogamer.net
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 …

    • idunnololz@lemmy.worldEnglish
      301·
      1 year 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

      • vivadanang@lemm.eeEnglish
        45·
        1 year 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.

      • ramble81@lemm.eeEnglish
        7·
        1 year 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…

    • Damage@feddit.itEnglish
      14·
      1 year ago

      You can regulate the stock market as much as you want but it’s a flawed concept.