Unity bosses sold stock days before development fees announcement

The stock is down 5.5% today. It's down 6% from a week ago.

The stock is up 0.5% from a month ago, and up a whopping 32% from 6 months ago.

It's down 50% from five years ago.

What I'm getting at is that this announcement has very little movement on the stock price overall. Unless these bosses were clearing out their inventory thinking this news would kill the company, its possible these sales were normal transactions.

All trading by corporate officers is, by definition, "insider trading".

But as long as they did it at the appropriate times (usually windows after earnings calls iirc) and file with the SEC it's fine.

Nope, just a scheduled sale of a minute portion of his held shares which he receives as part of his compensation and a minuscule amount of shares outstanding. He's sold over 50k shares this year, this is just a normal thing.

It would be interesting to see if they buy more shares after this PR nightmare; sell shares high, drop pricing news, share price tanks, buy shares low.

Smells like insider trading and market manipulation to me (pump and dump followed by poop and scoop).

Has any executive uh ever been prosecuted for insider trading after stock buybacks?

CEOs and CFOs on occasion have protections against insider trading stuff.

I dunno, if a government cares enough to look into this then the corpos might get some VERY sharp slaps on their wrists.

unfortunately there is a massive loophole that allows them to do this. what they do is set up sell orders at regular intervals (once a month or whatever) for months or years in advance. then when they decide they dont want to sell, they just cancel the order which is totally fine for them to do for some reason. if they do want to sell they just let the order execute and if anyone asks, they set it up a year ago and there is no possibility that the current decision could have influenced them into making that sell order a year ago.

I found steamdb.info. According to them Godot seems to be growing steadily.

I really love Godot, it's great. I actually switched to it before I even knew what open source was simply because it's way nicer to use.

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Usually people at a company are not allowed to sell stock except during special windows. For people at the very top it's restricted even further where they need to essentially plan to buy/sell stock well in advance. Essentially there is a huge delay to any stock decisions. So these sell offs were likely decided far in advance and once locked in cannot be changed.

For more details read https://www.investopedia.com/terms/r/rule-10b5-1.asp

You can regulate the stock market as much as you want but it's a flawed concept.

Makes absolute sense!

Many company boards (of which CEOs sit at) have requirements where they must vest a minimum dollar amount into acquiring company shares. The purpose of this is to ensure they have an interest in the success of the stock and thereby the success of the company.

These same companies will then additionally have blackout periods typically 30 days before the announcement of quarterly earnings where employees are restricted from selling shares.

Not sure what unity's board rules are but if they are a public company it should be in their investors materials, annual reports, etc

If they own shares, then they want the company to succeed. A better question is "why are they allowed to sell those shares until they quit?" And the answer to that question is that everyone with enough power to change this also enjoys the current system.