this post was submitted on 14 Sep 2023
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Unity bosses sold stock days before development fees announcement (www.eurogamer.net)
submitted 1 year ago by L4s to c/technology
60 comments fedilink hide all child comments
 

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 …

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[–] [email protected] 5 points 1 year ago

Doesn't matter if you win or lose, insider trading (illegal kind) is when someone with access to material non-public information, trades based on that info. I believe all publicly traded companies must have policies in place, so that any employees with access to this type of info have trading restrictions. In general, if they want to sell, they need to inform an internal compliance team, and then there may be mandatory waiting periods. For example, they may only be able to sell after 30 day waiting period.