On September 6, 2023, John Riccitiello, President and CEO of Unity Software Inc (NYSE:U), sold 2,000 shares of the company.
  • Envis10n@lemm.eeEnglish
    1151·
    1 year ago

    So he sells a bunch of shares right before the announcement that is likely going to tank their stock price

    • meco03211@lemmy.worldEnglish
      12·
      1 year ago

      Pretty sure CEOs need to jump through more hoops to sell their shares like reporting that they plan to sell.

      • Carighan Maconar@lemmy.worldEnglish
        17·
        1 year ago

        And if they don’t, sometimes they get a slap on the wrist, assuming the money is still within the country. Which it ain’t.

      • Envis10n@lemm.eeEnglish
        31·
        1 year ago

        You think they just suddenly came up with this model? No shit they have to jump through hoops. That doesn’t stop them from doing it in advance of something like this

    • cybersandwich@lemmy.worldEnglish
      102·
      1 year ago

      A “bunch” being 2000 when he still owns like 3000x that. This was a quarterly tax sell off that an unethical reporter is using to get clicks.

      Hes a dick but this stock selling isn’t nefarious.