I read the rules around blackout period but I am asking for advice on how they are enforced. Obviously the SAP share price will keep dropping because there is no SAP strategy besides failing at AI and laying off employees and share buybacks. And we did not even get decent salary appraisals this year. I am low on money and thinking of selling SAP shares just to be able to pay my mortgage and not have to worry about basic necessities. I am not sure how things are in the US but here in Europe, everything is getting more and more expensive. And other companies are not hiring or they are simply laying off. What are the real implications of selling shares during the blackout period? I do not have a high role at SAP and I do not know enough to be considered as someone doing insider trading. I just want to be able to pay my bills. Is there legal action that SAP can take if I sell them before the earnings call? I am also afraid that the share price will go even lower because shareholders are understanding that SAP's executive board has failed. And giving shareholders a higher dividend by laying off employees is not seen by them as longterm success of a company. So I want to get them out before the price goes below €100. Please advice what I should do.
2 replies (most recent on top)
I sold once during blackout by accident, as I didn't realize it was the blackout and nothing happened.
Blackout period is just a recommendation - even SAP home page says that employees SHOULD not sell any stock.
It is up to you to decide whether selling can be classified as insider trading.