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A comment on Why “Copycat” Layoffs Won’t Help Tech Companies – Or Their Employees. Parent comment

Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by sokoloff on Sunday January 22, 2023 @01:43PM (#34480736)
10b5-1 plans do not have to be filed with the SEC.

(The use of a 10b5-1 is also not technically a legal requirement, but is a workaround to allow planned sales even if you become aware of material, non-public information between the time of entering into the plan and the time of the trade.)

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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by hinkley on Sunday January 22, 2023 @02:28PM (#34481332)
You can prove the boss had an intention to sell his stock based on a feeling of future doom (or just greed). What’s tougher to prove is whether he delayed an announcement by a week so one more sale went through before the stock took a hit.

Or speeding up good news so his scheduled sale rides the high.

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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by throwaway2048 on Sunday January 22, 2023 @05:36PM (#34482990)
the best thing about them is you can constantly schedule large stock sales, and just cancel the ones that don't favour you.

Look ma, no inside information.

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