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·
    2 years 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·
      2 years 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·
        2 years 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·
        2 years 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