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You are subject to a blackout when you have material nonpublic information. IME the blackout remains until the opening of the trading window following the end
by cecilpl2 4y ago
You are subject to a blackout when you have material nonpublic information.
IME the blackout remains until the opening of the trading window following the end of your employment.
- TheCoelacanth 4y agoMost rank-and-file employees don't have material nonpublic information, though. Blackout periods are more of a CYA thing. Once you leave the company, you only have to follow the actual law, not the stricter rules that the company sets for its employees.
- pvarangot 4y ago> You are subject to a blackout when you have material nonpublic information. Kinda legally yes, but some mid-sized companies enforce a trading blackout by contract and with a broker-level feature on everyone just so that they don't have to do the work of telling everyone that has that kind of information that they do. Twitter probably does this because of how the LinkedIn thing is worded. The former employees could transfer their shares to another broker and sell them with no issue if they think they are on the good side of the law, which they probably will be after severance.