Especially bad optics for potential new shareholders. They probably will check the last SEC fillings and they will smell the pinksheet odor from such self enriching actions especially when the company is/ was in a financial dire situation.
But hey, he did a budget ... (which btw. was his fu**** job as CFO, for which he was royally awarded anyway).
I guess he learned from the best (Nader and Kelly) which had similar behaviors.