That would be illegal
replyBy the way that is an interesting insider trading question.
replyYou didn’t get a tip or give anyone a tip. You are not the only one whose decision affects the outcome. However you choose to divest yourself of shares by selling them, and then bring it up.
I am not a securities lawyer or an expert on case law. But would the board member be able to file a Form 4 and sell shares, before their actions that may affect the company?
Even knowing that the board is considering to fire him should fall under insider trading. Its one thing to speculate on board actions, its another to be on the board and know what you or other members may be planning to do.
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