Insider Trading Considerations

Insider trading rules can create real constraints on when and how you can sell company stock, especially for those with access to sensitive information. Here are the core points from the lesson:

• Insider trading laws prohibit trading on material non-public information, and companies often enforce blackout periods to limit employee risk
• Executives and directors face stricter requirements, including preclearance, holding periods, and detailed SEC reporting (e.g., Forms 4, 144)
• A 10b5-1 plan allows for pre-scheduled trades made while not in possession of inside info, offering a compliant path to selling equity under constraints

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