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Unity bosses sold stock days before development fees announcement, raising eyebrows
(www.eurogamer.net)
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This isn't insider trading?
I think the part where they had a trend of selling over the course of a year makes this not insider trading (or harder to prove if they were playing the long game).
My friend told me about this earlier and that's exactly what I thought. They knew this wouldn't be popular and would drop the value so they sold before the announcement, that's got to be insider trading
Now the share price will drop and he will buy his share back at a discount. Then they will revert the policy and share prices will rise. Boom! Free monies!
He’s actually sold over 50,000 shares and not bought any. It’s just unloading.
It's too early to buy back.