[Leherenn]

I don't know if it is outrageous, but I can see why it might sound shifty. He probably didn't know the results when he made the decision to make the trade, but he might have decided the date of the announcement based on his trade date.

The question here is: is "Let's make the announcement on Wednesday. Wait, I have a trade scheduled on Tuesday, so let's move it to Tuesday because I expect an overreaction from the market." illegal or unethical? Or maybe he had no influence on the date and got lucky.