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I believe that normally companies have restricted time windows for trading for people who may have access to information about the company.
kagis
https://corpgov.law.harvard.edu/2021/06/02/determinants-of-insider-trading-windows/
Normally, yes. Working in a couple of big corporations, we would be told when we can't trade because of internal announcements. We could potentially be accused of insider trading. Unless this read a timed trade that was already scheduled ahead of time.