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Last time I was at a company that had blackout periods for employee trading, it didn't apply to former employees. I quit on a Friday and exercised then sold all
by onionisafruit 4y ago
Last time I was at a company that had blackout periods for employee trading, it didn't apply to former employees. I quit on a Friday and exercised then sold all my options the next Monday while my former coworkers were still in their blackout periods. Hopefully it is the same at Twitter.
- sokoloff 4y agoThe blackout policies are a tiny part an employer policy and a large part an anti-insider trading policy. If you learned of what might be material, non-public information while an employee, then got fired/laid off/quit, that only puts you in the clear with respect to the employer's policy (what are they going to do? fire you a second time?) but does not put you in the clear with the SEC.
- thrown321 4y agoThe SEC won’t do shit in this case with respect to your personal shares in a company you just left.
- onionisafruit 4y agoI agree. I’ve rarely had any insight into finances, so that wasn’t an issue for me. I keep my head down and write code.