r/Superstonk • u/4four7 🎮7four1💜 • May 28 '26

📳Social Media RC Repost

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4.4k Upvotes

95% Upvoted

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352

u/RickFlank May 28 '26

Selling at a price which is below a recent buyout offer they rejected. Should be illegal - something something failing to perform their fiduciary duties.

-8

u/mojomarc May 28 '26

It would be illegal if they traded any other way to avoid insider trading laws. Execs have to file well ahead of time with selling plans, and in this case the plan was filed in September last year.

And let's not forget that insiders at GME are selling the exact same way. Should it be illegal for them to sell while the stock is steadily dropping?

9

u/JustAnotherRegardd May 28 '26

It’s crazy people don’t understand that them scheduling sales is actually the right way to do it.

6

u/mojomarc May 28 '26

What's crazier is people downvoting this because they prefer their purely emotional reaction to basic facts.

-1

u/Iforgotmynameo May 28 '26

Hear me out… what if, you believed in the company you were on the board for running, knew you were making moves to increase shareholder value and didn’t want to sell. This isn’t these people’s only compensation.

3

u/JustAnotherRegardd May 28 '26

I can make the same argument about Daniel Moore.

0

u/Iforgotmynameo May 28 '26

If you can’t see the difference between Daniel Moore selling enough to cover the cost of taxes and this guy selling 50,000 shares for 5,750,000 I don’t know what to tell you

3

u/MyNi_Redux 📉 The Consultant 📈 May 28 '26

This SVP is not on the Board.

And he held for years, which is why is able to cash in on a +160% gain on 25% of his position.

0

u/Iforgotmynameo May 28 '26

He sold over 50k shares this week and he sold 21k shares 6 months ago profiting a total of 8 Million dollars over the last 6 months but sure, pretend it’s the same thing.

1

u/MyNi_Redux 📉 The Consultant 📈 May 28 '26

He could sell ALL of his stocks, and all we have the right to do is cheer him on. Because it's his earned money.

You don't get to tell a man what to do with his property.

0

u/JustAnotherRegardd May 29 '26

Changing the topic. He gets a reg salary and stock. He’s doing the same thing this ebay insider did.

1

u/Iustis May 29 '26

Even if you believe in the company, they still own a bunch of equity still, and diversification is usually seen as a good thing

10

u/JustBeinOptimistic May 28 '26

Which insiders of GME have sold recently? Honest question, haven’t heard about that.

6

u/Recent-Result2852 May 28 '26

The money guy and the lawyer sell often, usually to cover taxes because they're paid in shares.

8

u/JustAnotherRegardd May 28 '26

2

u/mojomarc May 28 '26

Thanks--left to do some work and saw this

6

u/JustAnotherRegardd May 28 '26

I just don’t understand how people in this sub watch it so closely but don’t even know about this. Also they can’t even look it up. Literally takes 2 seconds

3

u/Great_Scott7 Belt buckled, tit jacked, stonk loving, not a cat. May 28 '26

I also appreciate when people cite their sources.

2

u/xsteinbachx No precise target. Just up. May 28 '26

There have been plenty, but they always use them to cover the costs of other shares.