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This is just nonsense. Once the stock vests it is yours. Now an official SEC blackout period is different. And if you are privy to insider information then y
by thrown321 4y ago
This is just nonsense. Once the stock vests it is yours. Now an official SEC blackout period is different. And if you are privy to insider information then yes you can be restricted but again it is the SEC that enforces this.
- filoleg 4y agoThis is not nonsense, you are speaking confidently on the matter that you have no idea about. This has nothing to do with official SEC blackout periods or roles where you have access to some specific insider information. I am literally employed at one of those companies now, and all engineers get regular emails announcing the company stock blackout. Ffs, there was a mandatory training session on stock blackout periods and how it affects engineers. Ask anyone in this thread working for Google or Apple (or plenty of other companies), and they will corroborate that it is indeed the case. For extra confirmation, you can see as much on Blind threads on the matter[0] and the official Google Code of Conduct[1]. The specifically relevant part in the code of conduct section on insider trading: "[...] periodic blackout windows when no Google employee may trade Google stock." 0. https://www.teamblind.com/post/Investing-stocks-as-Google-employee-2TuRpVhN https://www.teamblind.com/post/Investing-stocks-as-Google-em... 1. https://abc.xyz/investor/other/google-code-of-conduct/ https://abc.xyz/investor/other/google-code-of-conduct/