Not legal advice. IMNAL. The test for inside information is that it is "material, non-public information used to inform the trade decision." This is supposed

Not legal advice. IMNAL. The test for inside information is that it is "material, non-public information used to inform the trade decision." This is supposed to mean that the information is not available to normal market investors (nonpublic) and if it were published, eg via stock exchange announcement, it would move the market price more than "noise" (material) so you buy (inform a trade decision). e.g. we just closed a billion dollar deal with recurring revenue that nobody trading our securities knows about increasing our expected after tax profit by 300%. You work as a lawyer on that deal and buy short dated out of the money call options you're doing an illegal thing. Hiring is up by 5% this year, some of them were logistics experts. From this and other pieces of small knowledge none of which are by themselves marke moving you infer things are going well and buy. This is ok. The material information was inferred not provided. This is what good investors are supposed to do. You probably need to be pretty careful trading the stock of a company you work for. Definitely get legal advice.