This is an American interpretation of insider trading laws which are very much not about keeping markets fair rather they are about preventing shareholders (or

This is an American interpretation of insider trading laws which are very much not about keeping markets fair rather they are about preventing shareholders (or those working on their behalf) from stealing from other shareholders. Other jurisdictions have different presumptions about what insider trading laws are for and may thus interpret them in different ways. This was a US jurisdiction filing so the former standard applies but on an international message board it’s worth remembering people have different intuitions about this stuff for good reason.