PSA: when a company has a sudden disaster and then you hear on the socials “the CEO sold stock two days before it happened!” or whatever, almost every single time, that’s because the CEO sells stock on a preannounced, fixed, repeating schedule, which is specifically to avoid insider information influencing the decision when and whether to sell. And if you’re selling on a fixed, repeating schedule, then there will always be one that happens to have been not too long before any given disaster.
I’m not saying that the illegal version of this never happens, I’m saying it doesn’t happen quite as often as people posting this stuff in a scandalized tone think it does. I mean, what, do you think the C-suite of Crowdstrike were pre-informed that they were gonna accidentally crash their own product and decided to offload some of their stock instead of stop the push to production?