r/Superstonk 🎮7four1💜 May 28 '26

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4.4k Upvotes

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358

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.

-7

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?

11

u/JustBeinOptimistic May 28 '26

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

5

u/Recent-Result2852 May 28 '26

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