It is Insider trading because it is a type of trading where a person trade information about the company stock that is non public.
Insider trading is a type of trading that occur trading in a public company's stock in which a person that have non-public, material information about the stock of a company.
Insider trading can be either illegal or legal depending on the time the trade was made.
Insider trading is illegal when the material information is still non-public, and there is repercussion for it.
Therefore, Insider trading occurs when someone has information that is not available to the public and then uses this information to profit from trading in a company's publicly traded securities.
Learn more about Insider trading from the link below.
https://brainly.com/question/5654856
