4 ms·

If, say, a person owns $5MM of snapchat stock and their spouse knows this, can their spouse (acting rationally) not simply short or buy a put option for some po

If, say, a person owns $5MM of snapchat stock and their spouse knows this, can their spouse (acting rationally) not simply short or buy a put option for some portion of this? They didn't agree to anything in the RSU agreement and no long as the spouse wasn't acting on insider information and simply wanted to hedge, I'm not certain a crime would have been committed, unless the person owning the shares actually asked their spouse to perform this action.

module0000 9y ago
On paper: yes, that sounds good. BUT, if the SEC comes knocking...they operate in a way that looks like "guilty until proven innocent", and having your spouse do it appears at first glance as guilty. The RSU agreement would be important to see though, they may have some bits about spouses and immediate family - or they may not(in which case what you described is 100% above board). If anyone holding RSU's is (legally) able to show the RSU agreement, it would be insightful to read.