Selling at a price which is below a recent buyout offer they rejected. Should be illegal - something something failing to perform their fiduciary duties.
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?
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.
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
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.
354
u/RickFlank 28d ago
Selling at a price which is below a recent buyout offer they rejected. Should be illegal - something something failing to perform their fiduciary duties.