Grubhub CEO sells stock before making damaging statements

He sells ~11,000 shares every month and has been doing so for a while from what I understand. A former employee posted something to this tune, though I forget where I read it.

Whatever you're reaching for here, it's quite a reach.

He sent an internal email about politics and it backfired. It's not like he gave a press conference announcing the company was in financial trouble.

Let him sell the damn stock... He thinks he's selling off of a 52 week high. What you can do is go to your bank and get an online trading account. Make sure the bank will allow you to short NYSE:GRUB before you sign on. Then, buy PUT OPTIONS thru Jan 2018... nearer term puts are safer, but Matt Maloney deserves a whole years worth of headaches for this... Got any really rich republican friends? Tell them all about this strategy!

The transaction was before the elections. Looks perfectly normal to me.

Sweet another CEO being emotionally reactive.

Oh, wow, this sounds super illegal. Particularly if he re-buys at a lower price.