this post was submitted on 13 Sep 2023
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2000 shares is nothing
Ehh, the top folks at Google were all selling their maximum-permitted amount every window they got for a decade and the stock held up.
You typically don't need to buy shares as an insider, the company just prints more gambling slips -- er, I'm sorry, non-transferrable stock options -- and hands them out.
Or it just means they see it as compensation and are selling for taxes and expenses, not because they are worried about the long term direction of the company.
It's best part of $80k, it's still money made from insider trading.
No, it's probably just being sold to pay taxes.
Which is still money.
Yes, but it doesn't rise to the level of "insider trading," which means using internal-only information to make trading decisions. If they sell these stocks regularly, on a schedule, in the same quantity, it's not insider trading.
And that's exactly what they're doing, you can see their trades, and they're consistent for about the same amount. So they're not trading because of changes going on internally, they're trading based on a schedule, probably because they need cash flow for some reason. My guess is taxes for their stock compensation.